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Full text: Report on China's central, local budgets(11)

2013-02-28 14:28 Xinhua     Web Editor: Mo Hong'e comment

2. Implementation of Budgets for Government-managed Funds

In 2011, revenue from government-managed funds nationwide came to 4.135963 trillion yuan, up 12.4%, and expenditure from them amounted to 3.964243 trillion yuan, up 16.8%.

1) Budget for central government-managed funds

Receipts from central government-managed funds totaled 312.593 billion yuan, 110.6% of the budgeted figure and a decrease of 1.6%. This figure includes 64.8 billion yuan from the railroad construction fund, 13.602 billion yuan from port development fees, 31.745 billion yuan from lottery ticket proceeds, 21.741 billion yuan from the fund for providing ongoing aid to residents relocated to make way for the construction of large and medium-sized reservoirs, and 10 billion yuan from the central government fund for repaying rural power grid loans. Adding the 79.487 billion yuan carried forward from 2010, utilized revenue from central government-managed funds totaled 392.08 billion yuan in 2011.

Expenditure from central government-managed funds totaled 310.349 billion yuan, 85.8% of the budgeted figure and an increase of 2.9%. This total consists of two parts. The first is 215.687 billion yuan of central government spending, down 5.6%, which includes 68.292 billion yuan on railroad construction; 7.335 billion yuan on port development; 19.125 billion yuan from lottery ticket proceeds, which was spent on social welfare, sports, education, and other public service programs; and 10.526 billion yuan from the central government fund for repaying rural power grid loans. The second part is 94.662 billion yuan in transfer payments to local governments, up 29.2%. A total of 81.731 billion yuan was carried forward to 2012 from central government-managed funds.

2) Budgets for local government-managed funds

Revenue collected by local governments from funds under their control reached 3.82337 trillion yuan, an increase of 13.8%. This figure includes 3.316624 trillion yuan from the sale of state-owned land use rights, 85.726 billion yuan from urban infrastructure construction fees, 31.16 billion yuan from lottery ticket proceeds, and 68.813 billion yuan from local education surcharges. Adding the 94.662 billion yuan in transfer payments from central government-managed funds, total revenue from local government-managed funds was 3.918032 trillion yuan.

Expenditure from local government-managed funds totaled 3.748556 trillion yuan, an increase of 18.4%. This includes 3.293199 trillion yuan of spending from proceeds of the sale of state-owned land use rights, consisting of 2.362997 trillion yuan paid out as compensation for land expropriation, housing demolition, and resident relocation; 235.106 billion yuan for developing and improving farmland, strengthening rural infrastructure, and subsidizing farmers; 19.746 billion yuan on education; 12.035 billion yuan for building irrigation and water conservancy facilities; 66.858 billion yuan on low-income housing projects; and 596.457 billion yuan on urban development allocated in accordance with the provisions of the Law on Urban Real Estate Administration. A total of 30.14 billion yuan from lottery ticket proceeds was spent on social welfare, sports, education, and other public service programs; 74.104 billion yuan was used to build urban infrastructure; and 38.651 billion yuan from local education surcharges was earmarked for education. Surplus revenue from local government-managed funds was carried forward to 2012.

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