BRI NEWS China strengthens fiscal support for poor people hit by epidemic

BRI NEWS

China strengthens fiscal support for poor people hit by epidemic

Xinhua

10:45, March 16, 2020

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File photo: VCG

China will boost fiscal support to secure guarantees for the basic life of impoverished people affected by the novel coronavirus epidemic, a senior official said on Saturday.

Noting the epidemic has taken a toll on impoverished people and raised their living costs, China has earmarked 103 billion yuan (about 14.7 billion U.S. dollars) for supporting basic livelihoods of people living in poverty, Fu Jinling, an official with the Ministry of Finance, told a press conference.

The ministry has urged local authorities to launch the mechanism linking social aid level with inflation in a timely manner and provide living subsidies to impoverished people in full, Fu said.

In response to temporarily raised living costs for the impoverished population, he added that the ministry will allow local departments to offer more subsidies to ease their financial strain as their income was weighed down by halted work.

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