|
BIZCHINA> Center
![]() |
|
$14.6b, 11 ministries, 110 days to spend
(China Daily)
Updated: 2008-11-13 06:53 Eleven ministries have been allocated 100 billion yuan ($14.65 billion) from the 4-trillion-yuan economic stimulus package and have to spend the amount before early March, China Business News said on Wednesday. "Some ministries have responded more quickly than we expected" to the State Council's stimulus package announced on Sunday, said an official of the National Development and Reform Commission (NDRC), the country's top economic planning body.
The ministries of water resources and transport have got 20 billion yuan and 10 billion yuan, the report said, but didn't specify how the rest of the 100 billion yuan was allocated. The State Council wants the ministries, including those for agriculture, water resources, housing and urban-rural development, and health, to earmark the money for specific projects before the meeting of the National People's Congress next year, the report said. That means they have about 110 days to do so because the meeting is scheduled for early March. Ministries have already started working on how and where to use the money. Apart from that, they will spend more to boost economy. The Ministry of Housing and Urban-Rural Development, for instance, said yesterday it will spend 900 billion yuan in the next three years to provide housing to 7.47 million low-income households. (For more biz stories, please visit Industries)
|
||||
原阳县| 平顶山市| 莎车县| 奇台县| 新蔡县| 高阳县| 中江县| 龙江县| 贵定县| 通河县| 会泽县| 灯塔市| 海丰县| 肥乡县| 竹溪县| 叶城县| 牡丹江市| 饶平县| 科技| 苏州市| 信宜市| 江达县| 巴彦淖尔市| 鸡东县| 吉首市| 安顺市| 乌鲁木齐县| 资阳市| 永昌县| 辽源市| 温州市| 光山县| 清新县| 鹤山市| 射洪县| 米泉市| 屏东市| 中西区| 平谷区| 保德县| 翼城县|