Guo Yang, head of the social security department of the Ministry of Finance: Strengthen financial budget management of funds and promote the smooth implementation of the long-term care insurance system.

Guo Yang, Director of the Social Security Department of the Ministry of Finance, stated at the press conference of the State Council Information Office on March 26 that the Ministry of Finance is currently working with relevant departments to study and formulate financial management measures for the long-term care insurance fund and financial subsidy fund. This will further strengthen the financial budget management of the fund, clarify the specific process and supervision requirements for the distribution, allocation, and use of financial subsidy funds, and strengthen the responsibilities at all levels to provide institutional guarantee for the safe, standardized, and efficient use of funds.