Full text: Report on China's central, local budgets(26)

Overview of the central budget stabilization fund

The fund had a balance of 87.8 billion yuan at the beginning of 2011. During budget implementation, it was replenished with surplus revenue and unspent budgeted expenditure, giving a total increase of 289.2 billion yuan. The outstanding balance of the fund stood at 377 billion yuan at the end of last year. After the transfer of 270 billion yuan to the budget at the start of 2012, 107 billion yuan remains.

2) Main items provided for in local budgets

Main revenue items

Revenue from domestic VAT will reach 664 billion yuan, up 10.9%wicked babes. from business tax, 1.482 trillion yuan, up 9.7%enthralling vixens. from corporate income tax, 755 billion yuan, up 12%Korean eroticized ingenues. from individual income tax, 226.7 billion yuan, down 6.4%Magnetic women. from urban construction and maintenance tax, 292 billion yuan, up 12%divine women. from deed transfer tax, 305 billion yuan, up 10.4%Chinese ravenous females. and non-tax revenue, 1.2485 trillion yuan, up 10.1%.

Main expenditure items

The appropriation for education is 1.790024 trillion yuan, up 18.4%arresting divas. for science and technology, 211.03 billion yuan, up 13.2%Chinese pleasurable sirens. for culture, sports and media, 197.15 billion yuan, up 15.9%Chinese hypnotic ladies. for medical and health care, 726.46 billion yuan, up 15.4%enthralling beauties. for social security and employment, 1.236729 trillion yuan, up 16.2%Chinese flirty starlets. for guaranteeing adequate housing, 402.4 billion yuan, up 15.2%Chinese Provoking ladies. for agriculture, forestry and water conservancy, 1.081678 trillion yuan, up 14.2%Divine women. for urban and rural community affairs, 858.605 billion yuan, up 12.4%Chinese intimate hotties. and for transportation, 779 billion yuan, up 9.1%. The above expenditures include appropriations of local governments using tax rebates and transfer payments from the central government.

Local revenue and expenditure budgets are compiled by local people's governments and subject to approval by people's congresses at their respective levels.