Central government will invest 588.5 billion yuan next year
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On the 28th, the Ministry of Finance announced the budgetary arrangements for the 1.18 trillion new central government public investment since the fourth quarter of 2008, and the budgetary arrangements for the total public investment of the central government in 2009. Among them: in the fourth quarter of 2008, an additional investment of 104 billion yuan will be arranged. In 2009, an additional investment of 487.5 billion yuan will be arranged. In 2010, an additional investment of 588.5 billion yuan is expected.
It is understood that investment in affordable housing, agricultural infrastructure and rural construction, medical and health education and other social undertakings, as well as investment in post-earthquake recovery and reconstruction, has become the main direction of public investment budget arrangements.
The Ministry of Finance revealed that 57.7% of the central government's public investment budget arrangement in 2009 was used for people's livelihood projects and post-disaster reconstruction. Among them, the construction of affordable housing reached 49.3 billion yuan, accounting for 5.4%; the agricultural infrastructure and rural people's livelihood project construction funds were 252.2 billion yuan, accounting for 27.8%; the medical and health education and other social undertakings development funds 92.6 billion yuan, accounting for 10.2% The post-earthquake recovery and reconstruction (fund) investment was 130 billion yuan, accounting for 14.3%.
At the same time, the Ministry of Finance said that from the fourth quarter of 2008, 1.18 trillion yuan of public investment has been added to the central government, and funds have been allocated 591.5 billion yuan. Among them, the construction of affordable housing construction was 52.2 billion yuan, accounting for 8.8%; the agricultural infrastructure and rural people's livelihood projects were 125.3 billion yuan, accounting for 21.2%; the medical and health education and other social undertakings were 70.3 billion yuan, accounting for 11.9%; The post-disaster recovery and reconstruction (fund) investment was 200 billion yuan, accounting for 33.8%. The investment in the above three projects of people's livelihood projects and post-disaster reconstruction projects accounted for 75.7% of the 591.5 billion yuan.