Local Expenditure

 

June,2013

In H1 2013, the local government expenditures of Shanghai Municipality amount to RMB 201.58 billion, RMB 7.04 more than H1 2012, or 3.6% up in annual terms. 

During H1 2013, the local government expenditures have been made according to the requirements of the Central Government and the Municipal Government of Shanghai that for government spending budget, everything should be taken into account and there should be clearly targeted. During H1 2013, the government spending of Shanghai Municipality has focused on: 1. Promoting steady economic growth, economic transformation and innovations; 2. Improving the livelihood of the people and innovations on social administration; and 3. Achieving sustainable development in both the urban and rural areas.