Recently, the Ministry of Finance released the "Report on the Implementation of China's Fiscal Policies in the First Half of 2024". The report shows that in 2024, the national general public budget allocated education expenditure of 4.29 trillion yuan, an increase of 4% over the previous year, and the expenditure in the first half of the year has exceeded 2 trillion yuan. The report proposes to weave and strengthen the basic livelihood security network. Promote the action of expanding and improving the quality of basic education, promote the high-quality development of vocational education and higher education, continue to exempt national student loan interest and allow for deferred repayment, and alleviate the educational burden on disadvantaged families. The report shows that the construction of a high-quality education system is accelerating. One is to accelerate the high-quality and balanced development of compulsory education and urban-rural integration. Allocate 191.834 billion yuan in subsidies for compulsory education in urban and rural areas, and consolidate and improve the mechanism for ensuring funding for compulsory education. Allocate 33 billion yuan in subsidies for improving weak links and enhancing capabilities in compulsory education to support local governments in optimizing regional education resource allocation. The second is to promote the expansion and improvement of preschool education and ordinary high schools. Allocate 25 billion yuan in subsidies to support preschool education, and support local governments to increase inclusive preschool education resources through multiple channels. Allocate a subsidy of 12 billion yuan to support local governments in improving the basic educational conditions of ordinary high schools in counties. The third is to promote the high-quality development of vocational education and higher education. Summary of the pilot program of differentiated per capita funding system for vocational education based on major categories. Allocate 31.257 billion yuan of funds for the improvement of the quality of modern vocational education to support the high-quality development of vocational education. Through the central university budget allocation system, support central universities to accelerate the construction of universities with Chinese characteristics, world-class universities, and advantageous disciplines. Allocate 40.387 billion yuan to support the reform and development of local universities, guide local governments to increase investment, and improve the level of local university education. Fourthly, actively implement and improve student financial aid policies. Allocate 69.446 billion yuan in student financial aid subsidies, focusing on reducing the burden of family education. (New Society)