Social security insurance grows 27.39% last year

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Last updated at: (Beijing Time) Thursday, March 04, 2004

Social security insurance grows 27.39% last year

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Chinese taxation departments collected a total of 169.174 billion yuan (20.481 billion US dollars) in social security insurance last year, up 36.487 billion(4.417 billion dollars) or 27.39 percent increase year-on-year.

A spokesperson for the State Administration of Taxation said Wednesday that 129.645 billion yuan (15.695 billion dollars) in basic pension insurance was collected last year, up 22.54 percent over the previous year, 10.031 billion yuan (1.248 billion dollars)in unemployment insurance and 27.32 billion yuan (3.307 billion dollars) in basic medical insurance.

The country's taxation departments also collected a total of 1.425 billion yuan (172.5 million dollars) in workplace injury premiums and 751 million yuan (90.92 million dollars) in birth insurance, according to the administration.

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