Chinese government work report: more than 70%of fiscal expenditure for peoples l

The Chinese government's work report said that the funds paid by paying tribute to benefit the enterprise Yumin, and more than 70%of the national fiscal expenditure for people's livelihood.

According to Xinhua News Agency, the Chinese government work report wrote that governments at all levels insisted on spending a tight life and strictly controlling general expenditures.Fund tries to benefit the enterprise Yumin, and more than 70%of the national fiscal expenditure is used for people's livelihood.

The report also mentioned that the national fiscal revenue was approaching a 10 -year years, which promoted the sinking of financial resources.The proportion of local transfer payment in general public budget expenditures increased to about 70%, and established and normalized the direct implementation of the central financial funding mechanism.