Table 3.
Operation of China’s URRBMI fund under the universal two-child-40% policy
| Year | Operation of the URRBMI fund | Change rate compared with original policy | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Fund income (Billion) |
Fund expenditure (Billion) |
Current balance (Billion) |
Accumulated balance (Billion) |
Accumulated balance rate (%) |
Income (%) |
Expenditure (%) |
Current balance (%) |
Accumulated balance (%) |
|
| 2021 | 1172.448 | 1161.870 | 10.578 | 576.107 | 49.14 | 9.85 | 8.81 | − 2312.97 | 9.22 |
| 2022 | 1292.010 | 1297.980 | −5.969 | 576.409 | 44.61 | 10.58 | 8.90 | −74.68 | 13.09 |
| 2023 | 1422.761 | 1446.404 | −23.643 | 559.106 | 39.30 | 11.33 | 9.03 | −51.43 | 19.82 |
| 2024 | 1566.365 | 1614.042 | −47.677 | 517.580 | 33.04 | 12.10 | 9.19 | −41.05 | 32.42 |
| 2025 | 1724.042 | 1796.639 | −72.598 | 450.676 | 26.14 | 12.88 | 9.39 | −36.90 | 60.89 |
| 2030 | 2772.331 | 3117.769 | − 345.438 | −633.924 | −22.87 | 16.91 | 10.55 | −23.05 | −46.92 |
| 2035 | 4235.749 | 5125.733 | − 889.983 | − 3844.560 | −90.76 | 21.41 | 12.07 | −17.97 | −25.85 |
| 2040 | 6500.392 | 8388.903 | − 1888.511 | −11,077.908 | − 170.42 | 28.02 | 15.88 | −12.65 | − 18.79 |
| 2045 | 9470.756 | 12,923.833 | − 3453.077 | −24,941.098 | − 263.35 | 35.97 | 20.52 | −8.11 | −13.92 |
| 2050 | 13,682.381 | 19,367.284 | − 5684.903 | −48,569.366 | −354.98 | 44.94 | 24.78 | −6.52 | −10.67 |