Sources of funds for social insurance expenditure

From the international situation, there are generally two sources of social security funds, one is the collection of social security tax, and the other is the government's financial social welfare expenditure. At present, all countries in the world basically adopt these two channels, but each has its own emphasis. For example, the United States mainly relies on social security tax, and its social security tax revenue accounts for a large proportion of the total tax revenue, which is the second largest tax revenue after personal income tax, while Canada's social security tax revenue accounts for a relatively low proportion of the total tax revenue, and its source of funds for implementing social security plans relies more on non-social security tax revenue.

domestic

The sources of social security funds are diversified, and raising and accumulating social security funds through multiple channels is the key to perfecting China's social security system. The sources of social security funds in China are mainly two aspects: one is the social insurance premiums paid by employers and employees themselves; The second is the social security budget of governments at all levels, that is, the combination of social pooling and personal accounts. These two sources are stable, and social security funds are basically guaranteed. In addition, we should expand the coverage of social security and open up new financing channels.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.