Local Expenditure

 

January,2012

In Jan. 2012, the local government expenditures of Shanghai Municipality amount to RMB 15.08 billion. The major expenditure items during this period include advance funds allocated to government departments and agencies at different levels to cover their necessary personnel and operating expenses pursuant to the Budget Law of the People’s Republic of China and its Implementation Rules, in addition to budge projects approved by the People’s Congress of Shanghai at different levels.