Local Expenditure


February, 2011

In February, the local government expenditures of the Municipality amount to RMB 14.87 billion, RMB 3.54 billion or 19.2% lower than the previous year, in which the Municipal-level expenditures amount to RMB 2.47 billion, RMB 4.85 billion or 66.2% down from the previous year. The total local government expenditures of the Municipality of January and February amount to RMB 39.19 billion, 37.9% higher than the previous year.

Of the local government expenditures, priority is given to innovation, industrial restructuring and improvement of people's livelihood. In February, expenditures on energy and environment conservation and transportation increase by 48.7% and 68.7% respectively, mainly including allowance for popularizing energy efficient air conditioners, and oil price subsidies for public transport buses and taxies.