Home / News Type Content Tools: Save | Print | E-mail | Most Read | Comment
More Budget Funds for Re-employment
Adjust font size:

China's central government budget for re-employment stands at 10.9 billion yuan (US$1.32 billion), up 2.6 billion yuan, or 31 percent, year-on-year, officials with the Ministry of Finance said Friday.
  
The central government also increased budget funding for employment training programs for farmers to 400 million yuan (nearly US$50 million), compared with 150 million yuan (about US$20 million), said an official with the ministry.
  
Following rapid growth in budget funding for re-employment and social securities, this year's increased funding arrangements for re-employment programs for urban and rural residents show the government's commitment to a more harmonious society, said the official.
  
The Ministry of Finance will continue its effort to improve social security system in urban China, and to provide basic living allowance for those laid off by state-owned firms, he said.
  
The central government increased its allowance for re-employment by 2.225 billion yuan (US$271 million), or 54.6 percent, in 2004, while local governments also made similar arrangements, according to the ministry.
  
Meanwhile, the ministry earmarked 14.4 billion yuan (US$1.75 billion) in living allowance funding for jobless workers, and delivered 52.4 billion yuan (US$6.39 billion) in transferred payment for pension fund, which helped ensure retirees get their pension in time and in full. 

(Xinhua News Agency May 28, 2005)

 

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Favorable Tax Policies for Unemployed
- More Chinese Benefit from Social Security System
- China Moves to Create Jobs
- Big Cities Offer 15 Million Jobs
- 8 Million Chinese Find Jobs in First Nine Months
- 1.5 Million Laid-off Workers Re-employed in NE China
- Laid-off Workers Receive Benefits, Find Jobs
- Greater Loan Support for Laid-off Workers
- Reemployment Services to Be Phased Out
Most Viewed >>
- World's longest sea-spanning bridge to open
- Yao out for season with stress fracture in left foot
- 141 seriously polluting products blacklisted
- China starts excavation for world's first 3G nuclear plant
- Irresponsible remarks on Hu Jia case opposed 
- 'The China Riddle'
- China, US agree to step up constructive,cooperative relations
- FIT World Congress: translators on track
- Christianity popular in Tang Dynasty
- Factory fire kills 15, injures 3 in Shenzhen

Product Directory
China Search
Country Search
Hot Buys