Tuesday, January 15, 2013

China's subsidies to reservoir migrants hits $15.84b

[With apologies for the delay in reporting about this unique program]

China's subsidies to reservoir migrants hits $15.84b
November 07th, 2012 | Xinhua

Reservoir resettlement migrants have received 99.9 billion yuan ($15.84
billion) in subsidies between January and October, China's Ministry of
Finance (MOF) said on Wednesday.

The amount in subsidies to large and medium-sized reservoir resettlement
migrants is 11.3 percent more than for the same ten-month period last
year, the ministry said.

China has been providing 600 yuan per year as a follow-up subsidy to
each migrant since July 1, 2006. The subsidy is set to last 20 years.

A total of 23.93 million migrants benefit from the subsidy.

The MOF has earmarked 1.89 billion yuan to subsidize migrants for 2013.

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