Local Expenditure

 

July, 2011

In July, the local government expenditures of the Municipality amount to RMB 17.26 billion, RMB 2.61 billion or 13.2% lower than the previous year, in which the Municipal-level expenditures amount to RMB 3.91 billion, RMB 2.3 billion or 37.1% down from the previous year. The total local government expenditures of the Municipality from January to July amount to RMB 185.39 billion, 11.9% higher than the previous year.

Of the local government expenditures, the priority is still given to innovation promotion, industrial restructuring and the improvement of people's livelihood. In July, expenditures on education, public health, culture and sports, and mass media are well made, including mainly special funds for the development of key academic disciplines in "211 Key Universities" and the development of SMEs, and the basic medical insurance allowance of urban and rural residents.