75.1% of budget to spent on public and welfare projects
2011-February-23 Source: english.gz.gov.cn
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On Feb. 21st, the Report on the 2010 Budget Implementation and the 2011 Draft Budget was submitted for deliberation in the sixth conference of the thirteenth Guangzhou Municipal People's Congress. According to the report, the 2011 disposable financial resources of Guangzhou (county-level and district-level financial resources included) are expected to reach 103.8 billion yuan. The municipal-level financial resources (excluding county-level and district-level financial resources) are estimated at 45 billion yuan, 75.1% or 33.8 billion yuan of which will be allocated for welfare and social programs.

In 2010, the general budget revenues of Guangzhou stood at 87.26 billion yuan, up by 24.2% over 2009. The municipal-level budget revenues amounted to 41.64 billion yuan, up by 31.9% over the previous year. County-level and district-level revenues reached 45.63 billion yuan, up by 17.9%. The total government expenditure of 2010 stood at 97.75 billion yuan, 84.8% of the annual budget. In 2010, 31.73 billion yuan was set aside for welfare and social programs, accounting for 75% of the municipal-level budgetary expenditure. 4.81 billion yuan was allocated for public security programs which were mainly aimed at creating a secure and orderly environment for the 2010 Guangzhou Asian Games and Paralympic Games. 4.65 billion yuan was allocated for social security and employment programs. 4.22 billion yuan was expended to develop cultural, sports and media programs, 2.78 billion of which was designated as funding for the 2010 Guangzhou Asian Games.

(Translated by Guangzhou Association of Foreign Affairs Translators)

Editor: Olivia
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