Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
Budget plan will 'help the poor'
+ -
09:15, March 11, 2009

 Comment  Tell A Friend
 Print Format  Save Article
Low-income residents will benefit from the government's measures to increase spending on education, agriculture, healthcare and social security, a top budget official said yesterday.

"This year's budget plan could help maintain social stability and boost consumption," said Wang Dacheng, vice-director of the NPC Standing Committee's budgetary affairs commission.

The central government has earmarked 728.4 billion yuan ($106.4 billion) in its budget plan for education, healthcare, social security and housing for low-income residents, an increase of 29.4 percent from a year earlier, although the government only expects its revenue to grow at 8 percent. The government will also spend 716.1 billion yuan for rural residents and agricultural production, up 20.2 percent from 2008.

The country is facing rising pressures as the economy slows down and unemployment rises. The government estimated about 12 million people wouldn't be able to find jobs this year, pushing the registered urban unemployment rate to 4.6 percent.

Meanwhile, factory closures in the coastal area means migrant workers, who are excluded from official unemployment statistics, would find it difficult to bring back money to the countryside.

Analysts said the government's budgetary increase for the unemployed would provide a critical social safety net for the jobless.

"Increasing spending on people's livelihood is a critical move, which will help cope with the economic slowdown," said Wang.

Source: China Daily

  Your Message:   Most Commented:
British boy becomes father at 13
Looted Chinese relics sold for 14 million euros each
China hits back with report on U.S. human rights record
Full Text of Human Rights Record of United States in 2008
Spanish Tibetologist: "What I see and hear in Tibet differs from Dalai Lama's propaganda"

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved