Full text: Report on China's central, local budgets (9)
Xinhua, March 18, 2016 Adjust font size:
carryover expenditures from the previous financial year
-- basic expenditures and program expenditures of government departments and transfer payments to lower-level governments that must be made in the current year, after referring to the amount of budgetary expenditures for the corresponding period of the previous year
-- expenditures mandated by law
-- expenditures for dealing with natural disasters and other emergencies
In accordance with the above stipulations, in January 2016, expenditures in the central government's general public budget totaled 838.7 billion yuan, which includes 153.7 billion yuan spent at the central level and 685 billion yuan in tax rebates and transfer payments made to local governments. (mo