China's direct subsidy to its hundreds of millions of farmers will rise 63 percent from a year earlier to 42.7 billion yuan (5.6 billion U.S. dollars) this year, the Ministry of Finance announced Monday.
The subsidy includes 15.1 billion yuan earmarked for grain planting and 27.6 billion yuan for farming materials like fertilizers and pesticides.
Zhu Zhigang, deputy finance minister, said the huge increase in direct subsidy to farmers will help raise their incomes and grain output.
Zhu added the money should fall into the pockets of the farmers before the end of June.
Following the cancellation of the 2,000-year-old rural tax system in 2006, China started to offer farmers direct subsidies amid efforts to boost their incomes as the price hikes in fertilizers and other farming materials ate part of their benefits.
| 中国今年将拨款427亿用于农资综合直补,确保在农资产品提价的前提下实现粮食增产和农民增收. |
| 今年农资综合直补总额427亿元(折合56亿美元)比去年增长63%,据中国财政部长报道. 其中的151亿用于农作物栽培,另276亿用于农材料如化肥和杀虫剂. 财政部副部长朱志刚说,农资直补资金可促进粮食生产和农民增收. 朱还说这笔拨款六月底前要全部进入农民口袋. 依据2000年取消的农业税,中国将加大农资直补的力度,确保在农资产品如化肥和其他农材料提价的基础上实现农民增收. |
