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Full text: Report on China's central, local budgets(27)

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

4. Budgets for Government-managed Funds

1) Budget for central government-managed funds

Revenue from central government-managed funds will total 299.035 billion yuan, down 4.3%. This figure includes 68.04 billion yuan from the railroad construction fund, 9.2 billion yuan from port development fees, 21.835 billion yuan from the civil aviation infrastructure development fund and airport administration and development fees, 34.92 billion yuan from lottery ticket proceeds, 23.48 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 10.5 billion yuan from the central government fund for repaying rural power grid loans. Adding the 81.731 billion yuan of revenue carried forward from last year, total disposable revenue from central government-managed funds will be 380.766 billion yuan.

Expenditure from central government-managed funds will be 380.766 billion yuan, up 22.7%. This total consists of 249.733 billion yuan of central government spending, up 15.8%, and 131.033 billion yuan in transfer payments to local governments, up 38.4%. Expenditure at the central level includes 68.04 billion yuan on railroad construction; 6.444 billion yuan on port development; 13.408 billion yuan on civil aviation infrastructure development as well as airport administration and development; 31.951 billion yuan of lottery ticket proceeds used to finance social welfare, sports, education, and other public welfare programs; and 10.968 billion yuan to repay rural power grid loans through the central government fund.

2) Budgets for local government-managed funds

Revenue collected through local government-managed funds will reach 3.180641 trillion yuan, down 16.8%. This figure includes 2.701066 trillion yuan from the sale of state-owned land use rights (down 18.6%), 72.249 billion yuan from urban infrastructure construction fees, 30.441 billion yuan from lottery ticket proceeds, and 77.004 billion yuan from local education surcharges. Adding the 131.033 billion yuan in transfer payments from central government-managed funds, revenue from local government-managed funds will amount to 3.311674 trillion yuan.

Expenditure from local government-managed funds will come to 3.311674 trillion yuan, down 11.7%. This total includes 2.824105 trillion yuan from proceeds of the sale of state-owned land use rights, of which 1.941571 trillion yuan will be spent on compensation for land expropriation, housing demolition, and resident relocation; 153.492 billion yuan on developing and improving agricultural land, building rural infrastructure, and subsidizing farmers; 30.594 billion yuan on education; 29.797 billion yuan on building irrigation and water conservancy facilities; 62.489 billion yuan on low-income housing projects; and 606.162 billion yuan on urban development. Spending from local government-managed funds also includes 31.249 billion yuan from lottery ticket proceeds used to finance social welfare, sports, education, and other public welfare programs; 63.744 billion yuan from urban infrastructure construction fees; and 66.599 billion yuan of education spending from local education surcharges.

Combined revenue from funds managed by central and local governments will reach 3.479676 trillion yuan, down 15.9%. Adding the 81.731 billion yuan carried forward from last year, available revenue from government-managed funds will total 3.561407 trillion yuan. Expenditure from these funds will amount to 3.561407 trillion yuan, down 10.2%.

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