
The Ministry of Finance explains the schedule of the general distribution of 10,000 yuan. It is estimated that 23.53 million people will benefit, and newborns will also be included in the distribution targets.
AI-generated summary
The operation method of this general distribution of 10,000 yuan shall be based on the cash distribution model in 2023 and 2025. The government plans to distribute the funds through five channels including registration and ATM cash withdrawal.
The Ministry of Finance stated that if the Legislative Yuan passes the 2027 central government general budget bill on third reading on January 5 next year, and the president announces it before January 20, people can receive a general payment of 10,000 yuan before the Lunar New Year. The first batch is expected to be credited on January 26 next year. This time, the same five categories of people are eligible to receive it, and all newborns born in the country before the end of next year can receive it. It is estimated that 23.53 million people will benefit.
The qualifications and methods for receiving the 10,000 universal cash this time are similar to those of the 2023 and 2025 universal cash. There are also five categories of people who are eligible to receive it, including: domestic nationals with current household registration, nationals without household registration who have obtained residence permits, foreigners who have obtained permanent residence permits, and foreigners from China, Hong Kong, Macao and Spouses of Chinese nationals who have obtained residence permits, government agencies stationed abroad on official business, and their dependents with Chinese nationality; the method of receiving the cash is the same as the previous two general cash payments, using five methods: "registration into account", "ATM cash collection", "post office cash collection", "direct account entry" and "registered distribution".
The Ministry of Finance stated that based on the experience of the previous two general cash distributions, the planning period for the general public to receive cash is about 6 months. If the collection starts before the Lunar New Year next year, in principle, it can be received until August 31, 2027; childcare-friendly policies will also be considered, and more current pregnant women and children will be able to receive it. Families and children share AI dividends, and it is planned to include newborns born in China before December 31, 2027 as objects of universal cash disbursement. The period for receiving newborns born from August 1 to December 31, 2027 will end on January 31, 2028.
Chen Baicheng, director of the Treasury Department of the Ministry of Finance, said that the Ministry of Finance has begun relevant preparatory work such as public reading, and "the non-cost parts have begun to be done." The parts that cost money will have to wait for the second reserve fund to be released. It is expected to use about 140 million yuan. Subsequent public bidding, bidding, negotiation and other operations will be carried out in accordance with the provisions of the Government Procurement Law. He pointed out that if the Legislative Yuan fails to pass the general budget bill in the third reading in early January next year and the president cannot announce it before January 20 next year, the time for the P10,000 to be recorded will be delayed because the Ministry of Finance plans to conduct a "pre-registration" for 5 days after the president announces it to avoid risks such as system crashes through diversion.
AI outlook — possibilities, not facts
If the budget is announced before January 20, the first batch of general distribution funds will be credited on January 26.
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