wot power leveling 2011 local revenue $ 3 - IXF

On March 5, the five meetings opening session of the national people's Congress, the General Assembly reviewed the implementation of the Central and local budgets of the State Council on 2011 and 2012 reports on the draft Central and local budgets. On the report, the Ministry said, 2011 local revenue $ 3,316,624,000,000 of State-owned land use right, than an increase of 2010Yuan. Requisition compensation of costs, such as payment deductions wot power leveling, 2011 local land net income of only $ 953.627 billion, 617.807 billion yuan less than in 2010. Treasury expects 2012 income could fall by 18.6% of State-owned land use right, is estimated to be $ 2,701,066,000,000. Deduction of requisition compensation and other costsAnd net revenue of approximately $ 759.5 billion than in 2011 and further reduced. Reports also show that current requisition compensation of costs, such as an increase in expenditures than in previous years. 2011 requisition compensation costs wot power leveling, such as spending, the local State-owned land use right and share of income is 71%. 2012 this percentage is estimated to be 72%. 2010Year, in 2009 the share and 46%, respectively. Reports also stressed that land revenues have been important sources of local government revenue, land expropriation compensation expenses increased at the same time, on the direction of land revenue expenditure of the Central Government made further provisions, it is restricting the autonomy of local governments investment capabilities.