In 2025, the central government will allocate approximately 1.2 trillion yuan in basic pension insurance subsidies.

On January 20, Deputy Minister of Finance Liao Min stated at a press conference of the State Council Information Office that by 2025, the basic pension level for retirees will be increased by an overall 2%, with the minimum national basic pension for urban and rural residents increasing by 20 yuan per person per month. In 2025, the central government will allocate approximately 1.2 trillion yuan in basic pension insurance subsidies.