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110 billion Yuan of Qingdao finance has been spent on peoples livelihood
2/13/2018


110 billion Yuan of Qingdao finance has been spent on peoples livelihood

 

In 2017, the general public budget income of Qingdao achieved steady growth, reaching 115.71 billion Yuan, increasing by 7.1%.

Last year 110 billion Yuan was spent on the peoples livelihood in Qingdao, increasing by 13% and accounting for over 70% of the total financial expenditure. In terms of category, 25.1 billion Yuan was spent on education, 15.7 billion Yuan on social security and employment, 11.3 billion on the issues of agriculture, farmers and rural areas and 9.5 billion on medical care. The municipal finance has spent a total of 10 billion Yuan to provide sufficient fund to guarantee 33 practical deeds in 10 aspects at the municipal level.

The financial expenditure on peoples livelihood focuses on the poverty-stricken population. 24 peoples livelihood assurance standards have been expanded and elevated including basic living allowance in urban and rural areas, old-age pension for enterprise retirees. 19.5 billion Yuan has been raised to transform over 50,000 households in shantytowns and dilapidated buildings in rural areas and complete indemnificatory housing for 7,052 households. It has bought comprehensive insurance on livelihood for all urban households and ensures accident or disaster-stricken families can live normally. It has launched fiscal policies on supporting the citizenship of rural migrants and let new citizens feel that Qingdao is more and more like home. Zhou Xiaofeng


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