"the State Council's Opinions on Further Increasing Financial Investment in Education" was issued on June 29th, 20 1 1 No.22, and the opinions fully recognized the importance and urgency of increasing financial investment in education.
Implement the statutory growth requirements, and effectively increase the proportion of fiscal education expenditure in public finance expenditure, and the proportion of educational expenditure in total fiscal expenditure shall not be less than14%; Broaden the sources of funds and raise financial education funds in various ways; Reasonably arrange the use of financial education funds and effectively improve the efficiency of fund use; Strengthen organizational leadership.
The public financial investment in education for expanding materials has increased from about 270 billion yuan to about142 billion yuan, with an average annual growth rate of 20.2%, which is higher than the average annual growth rate of fiscal revenue in the same period; The proportion of education expenditure in fiscal expenditure has increased from 14.3% to 15.8%, making it the largest expenditure of public finance.
The substantial increase in financial investment in education has provided strong support for educational reform and development. At present, China's urban and rural free compulsory education has been fully realized, vocational education has developed rapidly, higher education has entered the stage of popularization, school conditions have been significantly improved, and education equity has made great strides forward.
People's Republic of China (PRC) Central People's Government Network-the State Council's Opinions on Further Increasing Financial Investment in Education