The central government arranges investment in agricultural infrastructure to exceed one trillion yuan during the 12th five-year Plan period.
Beijing, 2 Nov (Xinhua)-- Zhang Baowen, vice chairman of the standing Committee of the National people's Congress [NPC], said on 2 November that during the 12th five-year Plan period, the central government arranged for investment in agricultural infrastructure to exceed 1 trillion yuan.
When reporting the inspection of the enforcement of the Agricultural Law to the standing Committee of the National people's Congress on the same day, Zhang Baowen said: governments at all levels have increased investment in supporting agriculture in accordance with the provisions of the Agricultural Law. From 2010 to 2014, the national general budget expenditure on agriculture, forestry and water totaled 5.7272 trillion yuan, with an average annual growth rate of 14.6%. In 2015, the national budget allocated 1.6953 trillion yuan for agriculture, forestry and water, an increase of 11.4 percent over the previous year. During the 12th five-year Plan period, the central government allocated 1.079 trillion yuan for agricultural infrastructure investment, an increase of 499 billion yuan over the Eleventh five-year Plan.
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