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Beijing continues to subsidize the low-priced public transportation

07-26-2010 15:21 BJT

According to the Beijing Municipal Bureau of Finance on July 22, Beijing arranged 12.8 billion yuan in fiscal subsidies to keep the price of bus and subway tickets low in 2010. Meanwhile, Bejing reduced its expenditures on public vehicles, entertainment expenses and overseas fees by 369 million yuan, a decrease of 5 percent on the basis of year after year reduction.

Low-income groups to obtain 50 million yuan in benefits in 2010

The Beijing Municipal Bureau of Finance said that in order to continue low ticket prices on buses and subways, it has arranged 12.8 billion yuan to continue this policy, including more than 9 billion yuan on ground transportation and more than 3 billion yuan on rail transportation. The subsidies will increase as the number of rail lines increases in the future. In addtion, Beijing also arranged nearly 19.8 billion yuan to support 58 projects favorable to the people.

Meanwhile, the national income distribution has begun to concern more citizens. Related financial sectors arranged 4.4 billion yuan in 2010 to increase retirement pensions by 200 yuan per month for each company retiree. It also arranged 157 million yuan to implement policies related to supporting the elderly at home. In addition, Beijing will further improve the standard of its unemployment insurance fund and the minimum living standard for urban and rural residents, making 50 million yuan in benefits available to low-income groups in 2010.

Cutting nearly 1.9 billion yuan in administrative costs over 4 years

An official from the Beijing Municipal Bureau of Finance said that Beijing will raise 7.5 billion yuan in housing project subsistence allowances through various channels in 2010 to support the settlement of residents who lived in the four old districts that are being merged in Beijing. It will raise more than 1.5 billion yuan to increase the capital investment in districts and accelerate the reconstruction of slums. It will also arrange 2.1 billion yuan to implement the housing assurance policy for lower rent homes. For the reconstruction of 50 villages inside the city, however, there are temporarily no public funds available from the Beijing Municipal Bureau of Finance, therefore the funds will be raised by district governments through different finance channels.

According to the spirit of central government, the general expenses of all departments should be reduced by 5 percent in 2010 on the basis of year after year reductions. In 2010, Beijing cut a total of 369 million yuan in general expenses including the expenses for meetings, travels and public vehcles. The statistical data shows that Beijing has reduced a total of nearly 1.9 billion yuan in administrative costs since 2007.

A Beijing CPPCC member suggested increasing the subway ticket price to 5-6 yuan during rush hour

"It is not unreasonable to raise the subway ticket price to 5-6 yuan during rush hour,” said Chen Jie, a Beijing CPPCC member and the deputy president of the Beijing Institute of Architectural Design, at the beginning of 2010. He proposed that the National Development and Reform Commission reduce the burden of subways during the rush hour by “increasing the ticket prices for specific periods."

Editor:Shi Taoyang |Source: CNTV.CN

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