Full text: Report on China's central, local budgets(8)

Expenditure on transportation totaled 329.859 billion yuan, 115.1% of the budgeted figure and an increase of 26.9%. This figure consists of 33.111 billion yuan of central government spending and 296.748 billion yuan in transfer payments to local governments. We spent 219.921 billion yuan to strengthen public transportation infrastructure, upgrade or expand 20,000 kilometers of national and provincial highways, improve 1,091 kilometers of inland waterways, and build or upgrade 190,000 kilometers of rural roads. We used 64.148 billion yuan to provide fuel subsidies for urban public transportation and other public service industries. We also provided 26 billion yuan in subsidies to support local governments in phasing out tolls on government-financed Grade II highways.

Expenditure on resource exploration, electricity, and information came to 82.696 billion yuan, 111% of the budgeted figure. This consists of 46.412 billion yuan of central government spending and 36.284 billion yuan in transfer payments to local governments. We used 42.975 billion yuan to strengthen resource exploration, electricity, and information infrastructure. We spent 3.5 billion yuan to support technology R&D and demonstrations for industrial application in strategic emerging industries, carry out major industrial innovation and development projects, and subsidize R&D on high-end equipment manufacturing. We also allocated 10.296 billion yuan to promote the development of small and medium-sized enterprises in these areas.

Expenditure on stockpiling grain, edible oils, and other materials totaled 89.062 billion yuan, 78.8% of the budgeted figure and a decrease of 2.4%. The difference between the actual and budgeted amounts was mainly due to fewer actual interest payments being made for stockpiling grain. This total consists of 54.008 billion yuan of central government spending and 35.054 billion yuan in transfer payments to local governments. We spent 32.033 billion yuan to completely eliminate local contributions to grain risk funds in major grain-producing areas and cover the shortfalls thus incurred, and to give direct subsidies to grain growers. We used 45.023 billion yuan to steadily raise the minimum purchase prices of wheat and rice, implement the policy for temporarily purchasing and stockpiling canola seeds and soybeans, and increase reserves of petroleum, nonferrous metals, and other important commodities.

National defense spending was 583.597 billion yuan, 100% of the budgeted figure and an increase of 12.6%. This figure consists of 582.962 billion yuan of central government spending and 635 million yuan in transfer payments to local governments. These funds were used to improve living conditions and benefits of officers and enlisted personnel, strengthen informationization of the military, modernize equipment and supporting facilities, and improve the armed forces' ability to respond to emergencies and disasters.