The Ministry of Finance has allocated over 25 billion yuan in funds to coronavirus containment and support efforts.
As of 21 March China’s central fiscal authorities have arranged for 25.75 billion yuan in finds for the prevention and control of COVID-19.
These measures include supporting treatment by local government of patients, providing subsidies to medical staff, the establishment of reserve provisions for disease prevention and control, and research and development of pharmaceuticals and vaccines.
MOF data further indicates that during the period from January to February nationwide normal public budget revenues totalled 3.5232 trillion yuan, for a YoY decline of 9.9%.
The central normal public budget revenue was 1.7242 trillion yuan, for a YoY decline of 11.2%, while the local government normal public budget revenues the same level was 1.7990 trillion yuan, for a YoY decline of 8.6%.
Nationwide tax revenues were 3.1175 trillion yuan, for a YoY decline of 11.2%, while the non-tax revenue was 405.7 billion yuan, for a YoY rise of 1.7%.
During the period from January to February the nationwide normal public budget expenditure was 3.235 trillion yuan, for a YoY decline of 2.9%.
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