Local Expenditure

 

February,2012

In Feb. 2012, the local government expenditures of Shanghai Municipality amount to RMB 32.61 billion, up 119.3% from the previous year. From Jan. to Feb. 2012, the local government expenditures of Shanghai Municipality amount to RMB 47.69 billion, up 21.7% annually, which account for 11.8% of the goal of government expenditure for 2012. In Feb. 2012, the finance bureaus of Shanghai Municipality have tried to ensure that the key targets of fiscal expenditures reviewed and approved by the Municipal People’s Congress early this year are fulfilled, and the priority is given to funding for steady economic growth, economic and industrial restructuring, and projects to improve the people’s livelihood including social causes and sustainable and integrated rural-urban development.