China will continue to cut governmental funds to provide the population financial support

Almaty. February 10. Silkroadnews - China will continue to cut the governmental funds for financial support of the population, Chinanews reports.
“According to the Ministry of Finance, China will continue to reduce the governmental funds to support the population financial state,” – the statement informed on Wednesday.
The government reported on reduction of 13 governmental funds in early February.
“At the beginning of February government has reduced, modernized and optimized 13 government funds. Such steps shall ease the financial burden of businesses and individuals totaling to 26 billion yuan ($3.96 billion) this year,” - the publication states.
It is reported that the governmental funding will be allocated to support the development of infrastructure and services.
According to the publication, the number of government funds decreased from 327 in 2000 to 28 this year. Furthermore, the illegal funds created by the local governments this year shall be eliminated as well.