Full Text: Report on central, local budgets

3. Revenue and expenditures from government-managed funds

In 2009, revenue from government-managed funds nationwide was 1.833504 trillion yuan, and expenditures amounted to 1.611879 trillion yuan. This broke down as follows:

Revenue from central government-managed funds reached 250.767 billion yuan, 108.8% of the budgeted figure and an increase of 82 million yuan. The majority of the surplus revenue came from compensation for the use of land newly designated for development and lottery ticket proceeds. Total revenue included 19.598 billion yuan from the Three Gorges Project construction fund, 54.411 billion yuan from the railroad construction fund, 11.499 billion yuan from civilian airport administration and development fees, 10.555 billion yuan from port development fees, 27.494 billion yuan from compensation for the use of land newly designated for development, 15.882 billion yuan from the fund for providing continuing aid to residents relocated to make way for the construction of large and medium-sized reservoirs, and 20.117 billion yuan from lottery ticket proceeds. Adding the 57.458 billion yuan carried over from 2008, total revenue came to 308.225 billion yuan. Expenditures from central government-managed funds totaled 242.654 billion yuan, 84.2% of the budgeted figure and down 3.2%, with this decrease primarily attributable to carrying over from last year a portion of compensation for the use of land newly designated for development and the fund for providing continuing aid to residents relocated to make way for the construction of large and medium-sized reservoirs. This included 19.923 billion yuan from the Three Gorges Project construction fund, 54.411 billion yuan from the railroad construction fund, 11.014 billion yuan from civilian airport administration and development fees, 10.22 billion yuan from port development fees, 19.811 billion yuan in expenditures related to land newly designated for development, 15.114 billion yuan from the fund for providing continuing aid to residents relocated to make way for the construction of large and medium-sized reservoirs, and 20.79 billion yuan from lottery ticket proceeds spent on social welfare programs, sports, education and other public service programs. A total of 65.571 billion yuan was carried over to 2010 from central government-managed funds.

Revenue collected by local governments from funds under their control reached 1.582737 trillion yuan, including 1.396476 trillion yuan of revenue from the transfer of state-owned land-use rights, which consists the fees for the transfer of these rights, income of the state-owned land income fund and the agricultural land development fund, and compensation for the use of land newly designated for development; 21.175 billion yuan from lottery ticket proceeds; 33.66 billion yuan from urban infrastructure construction fees; and 17.844 billion yuan from local education surcharges. Expenditures from local government-managed funds totaled 1.429155 trillion yuan. This included 1.23271 trillion yuan in revenue from the transfer of state-owned land-use rights, consisting of 518.058 billion yuan in compensation for land expropriation, housing demolition and resident relocation, and subsidies to farmers whose land was expropriated; 142.971 billion yuan for developing land; 43.31 billion yuan for strengthening rural infrastructure; 334.099 billion yuan for promoting urban development; 47.756 billion yuan for improving land and developing arable land; 8.689 billion yuan for transferring land; and 137.827 billion yuan for low-rent housing, and for assisting laid-off employees of state-owned enterprises that went bankrupt or were converted into joint stock companies using income from those enterprises' land. A total of 23.147 billion yuan from lottery ticket proceeds was spent on social welfare programs, sports, education and other public service programs; 21.469 billion yuan was spent on urban infrastructure construction; and 12.883 billion yuan went to local education programs.

In 2009, the discrepancy between revenue and expenditures from these funds arose primarily because revenue was used exclusively for its intended purposes and a portion of it was carried over to this year in accordance with fund management regulations.