Full Text: Report on China's central, local budgets

5. Budget for central government's state capital operations

In 2011, in addition to the enterprises originally included in the budget for the central government' s state capital operations, the budget will also include enterprises affiliated to the Ministry of Education and the China Council for the Promotion of International Trade; enterprises directly under the Ministry of Agriculture, the Ministry of Culture, and the State Administration of Radio, Film and Television; the China Publishing Group; and the China Arts and Entertainment Group, and the proportion of profits from state capital operations of central government enterprises collected by the central government will be raised by an appropriate amount. Budgetary revenue from state capital operations of central government enterprises will reach 84.439 billion yuan, an increase of 51.1%. Adding the 1.417 billion yuan carried forward from 2010, available expenditures will be 85.856 billion yuan. This sum has been allocated as follows: 49.55 billion yuan for restructuring the state sector of the economy and industrial restructuring, 3.05 billion yuan in subsidies for reforming unprofitable central government enterprises and making them profitable, 3.5 billion yuan for making major scientific and technological innovations, 3.5 billion yuan for major energy conservation and emissions reductions projects, 3 billion yuan in overseas investment, 1 billion yuan for strengthening workplace safety, 8 billion yuan for mergers and reorganizations, 4.5 billion yuan for developing emerging industries, 5 billion yuan for replenishing the country's social security funds, 500 million yuan for social security and related undertakings, and 4 billion yuan transferred to the public finance budget to be spent to improve the people's wellbeing. As the budgetary system of state capital operations improves, we will gradually increase spending on social security and other programs to improve the people's wellbeing. We will also actively push local governments to accelerate their trials of compiling budgets for state capital operations.