huge increase was mainly the result of the incorporation of all the income from the transfer of land-use rights into local budgets. Total revenue includes 1.037528 trillion yuan from the transfer of land-use rights and compensation
for the u▓se of new land for construction and 118.488 billion yuan from road maint▓enance fees. Total expend
itures by local governments taken from the funds they control increased by 49.9% to reach 1.292798 trillion
yuan. This figure includes 1.0172▓5 trillion yuan in land-related expenditures which consists of 377.815 bill
ion yuan as compensation for land requisition, housing demolition▓ and resident relocation and subsidy gran
ts to farmers for land ▓expropriations, a large increase of 113% primarily attributable to the widespread increas▓e in the level of compensation paid to farmers dispossessed of their land; and 128.622 billion yuan ▓for developing and
protecting farmland; 14.165 billion yuan for building low-ren▓t housing; 36.988 billion yuan for developing rural infrastructure and developing and protecting primary farmland; 303.532 billion yuan for pr▓omoting urban development;
lion yuan generated from▓ the transfer of the land-use rights of bankrupt state-owned enterpri▓ses and those converted into joint stock
ed to provide for their laid-off employees. A total of 117.344 billion yuan was spent in financing road maintenance. Revenue from gove
d funds was used exclusively for its intended purposes. The discrepancy between revenue and expenditures from these funds in 2008 aros
ll Text: Report on China´s economic, social development planBEIJING, March 15 (Xinhua) -- The following is the full text of the Report on ▓the Implementation of the 2008 Plan for National Economic and Social Devel▓opment and o
n the 2009 Draft Plan for National
Economic and
Social Deve▓lopment, which was submitted on March 5 for rev