The financial funds for supporting the development of modern agricultural production will increase by 8.2% this year.
In order to support local governments to do a good job in the preliminary work of fund project management in 2015, the central government further increased its support and allocated 11.06 billion yuan of local funds for the development of modern agricultural production in 2015 in advance, an increase of 2.65 billion yuan over the previous year. On the premise of ensuring compliance with policy requirements and institutional provisions, local governments can arrange the use of funds in accordance with procedures after the beginning of the 2015 budget year.
A person in charge of the Agriculture Department of the Ministry of Finance said that in order to implement the new strategy of national food security and promote China's agricultural modernization and sustainable development, the central government allocated 13.15 billion yuan for the development of modern agricultural production in 2014, an increase of 8.2% over the previous year to support the development of local grain and other leading industries with advantages and characteristics.
According to reports, the central finance adheres to the principle of "central macro-guidance, local independent options, supporting advantages and characteristics, highlighting grain production, grasping key links, integrating and concentrating funds, carrying out performance evaluation, and strengthening capital supervision." it has promoted the improvement of grain and major agricultural products output, quality, structure improvement and farmers' income.
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