• ncrease of 24.1%, the majority of which consisted ▓of increased central government spending for inves▓tment and stimulating cons

• umption, which was provided to local governments in the form of subsidies. A total of 39.1% of local government spending cam▓e from central government transfer payments. Revenue of local governments was 6.120204 trillion▓ yuan, an increase of 1.05078

  6 trillion yuan or 20.7%. This consisted of 3.258074 trillion yuan collected by

  local governments, amounting to 53.2% of

total revenue, and 2.86213 trillion yuan of tax rebates and transfer payments

▓ from the central government, amounting to 46.8% of total revenue. Local government expenditures were 6.05938 trillion yuan, an increase ▓of 1.134531 trillion yuan or 23%. Local government expenditures carried over to 2010

• er budgeted ceiling of 6.270835 trillion
• yuan for the year. Central▓ governme
• nt tax rebates and transfer payments mad
• e to local governments. In 2009, central gov
• ern▓ment tax rebates and transfer payments ma
• de to local governments totaled 2.86213 tril
• lion yuan, 99.1% of the budgeted f▓igure.

• This discrepancy was mainly due to less
• spending on disaster relief than esti
• mated at▓ the beginning of the year, re
• sulting in a decrease in transfer payments.
• This total consisted ▓of 494.227 billion yuan
• of tax rebates, an increase of 48.2%, with
• the increases coming mainly from implement