China’s Fiscal Authorities Allocate over USD$10 Billion towards Containment of Coronavirus

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Chinese fiscal authorities at all levels have allocated a copious volume of funds towards efforts to contain the spread of the novel coronavirus.

Finance minister Liu Kun (刘昆) said on 9 February said that financial departments at all levels of the Chinese government had arranged for 71.85 billion yuan (approx. USD$10.28 billion) in funds to contain the coronavirus, with real expenditures currently standing at 31.55 billion yuan.

“Financial departments must continue to effectively perform fund guarantee work, and ensure that the people do not refrain from seeking treatment due to concerns over expenses,” said Liu.

“[The government] must ensure that funding problems do not impact medical treatment and disease prevention work in any locations.”

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