CHINA-ECONOMY: BUDGET FOR POVERTY ALLEVIATION PROPOSED AT 13TH NPC ON MARCH 5, 2018

The budget proposed by the Ministry of Finance on March 5, 2018 to the first session of the 13th NPC said the Central government will allocate 106.095 billion yuan to subsidize local poverty reduction, an increase of 20 billion yuan, or 23.2 percent over last year. It said the additional funds will be used mainly in areas affected by extreme poverty, including the three districts (Tibet, the four prefectures in southern Xinjiang-Hotan, Aksu, Kashi, and Kirgiz Autonomous Prefecture of Kizilsu, and the Tibetan ethnic areas in Sichuan, Yunnan, Gansu, and Qinghai provinces) and the three prefectures (Liangshan in Sichuan, Nujiang in Yunnan, and Linxia in Gansu).





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