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Notice regarding the advance allocation of the central government's incremental funds for balanced transfer payments in 2018

Source: Ministry of Finance Release time: 2018-05-11

Caiyu (2018) No. 57

Relevant provinces, autonomous regions, and municipalities' financial bureaus (bureaus):

In order to speed up the expenditure progress, according to the annual budget approved by the First Session of the 13th National People's Congress, the 2018 balanced transfer payment incremental funds (excluding the items allocated separately under the balanced transfer payment method) are pre-allocated to your province (Autonomous regions and municipalities, the same below).

In accordance with the requirements of the "Budget Law of the People's Republic of China", please timely release the central balanced transfer payment to local governments. The funds should be used to protect basic public services and other expenditure needs, actively improve people's livelihood and promote social harmony.

Each province (autonomous region, municipality directly under the Central Government) shall report the allocation methods and results of the transfer payment funds at the city and county levels to our Ministry before June 30, 2018.

Attachment: 2018 Balanced Transfer Payment Incremental Funds Advance Allocation Table

Ministry of Finance

April 18, 2018

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