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Liuzhou’s fiscal revenue breaks through 30b yuan
Date:2015-01-21 By:Feng Lu Source:China Daily

At the beginning of 2015, good news spread around the city of Liuzhou. By Dec 31, 2014, Liuzhou had completed the annual task of 31.64 billion yuan ($5.09 billion) and its fiscal revenue had reached 31.65 billion yuan, with an increase of 11.05 percent over the previous year, breaking through 30 billion yuan for the first time.

2014 witnessed the leapfrog development of Liuzhou’s fiscal revenue because the local government dealt with the serious and complicated economic situation positively. The public financial budget expenditure in Liuzhou reached 26.11 billion yuan in 2014, an increase of 2.19 billion yuan compared with the previous year, and achieved a year-on-year growth of 9.15 percent.

The figures could be the evidence showing that local people have benefited from government measures in improving people’s wellbeing. In 2014, financial funding mainly went to the weak link of social development and the impoverished areas and people. The data of Liuzhou’s treasury department showed that government financial expenditure on people’s livelihoods was as high as 8.7 billion yuan, with a year-on-year increase of 1.02 billion yuan, accounting for 77.4 percent of public budget expenditure.

Education is fundamental to a country’s enduring prosperity. A total of 974 million yuan was invested in support of the construction of educational infrastructure and aid for the poor and promoted the development of pre-school education, compulsory education, secondary education and vocational education.

Social security is related to people’s wellbeing. In 2014, local government invested 683 million yuan in social security and employment to support entrepreneurship, promote employment and improve the pension insurance system.

Last year, 627 million yuan went to local medical and health care to deepen the reform of the medical and health care systems, carry out the system of using basic medicines and promote the construction of a medical insurance system covering the whole population.

Meanwhile, Liuzhou took a number of measures to improve people's wellbeing, such as the construction of a bikeway, domestic waste sorting collection, investment on an inclusive kindergarten and so on. The solutions aimed at solving different kinds of social issues will ensure people in Liuzhou enjoy a sound and happier life.

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