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Central govt to provide more support to regions facing fiscal difficulties

By Wang Yanfei | chinadaily.com.cn | Updated: 2017-03-12 11:26

The central government will provide more financial support to regions facing fiscal challenges, said Finance Minister Xiao Jie on the sidelines of the annual session of the National People's Congress, the top legislature.

Xiao said the central government will allocate more than 223 billion yuan ($32.2 billion) to county-level governments in regions with limited fiscal revenue.

Meanwhile, the total transfer payments, referring to social benefit programs run by the governments, are expected to reach 138 billion yuan this year, said Xiao.

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