Local Expenditure

 

November, 2011

From Jan. to Nov. 2011, the local government expenditures of Shanghai Municipality amount to RMB 313.28 billion, RMB 56.74 billion or 22.1% higher than the previous year. Among the major expenditure items, expenditure on education increases by 38.9%, expenditure on public health increases by 33.4%, expenditure on urban and rural community affairs increases by 24.8%, and expenditure on the housing program increases by 86.9%.

So far this year, the finance bureaus of Shanghai Municipality have tried to ensure that the key targets of fiscal expenditures approved by the Municipal People's Congress early this year are fulfilled, and the priority is given to funding for innovation, economic and industrial restructuring, improvement of people's livelihood, social development, rural-urban integration, urban management and safe operation. The Municipality's government expenditure structure has been further optimized.