Modern agriculture development receives support: fiscal funds up 8.2% this year

To support local areas in carrying out the preliminary work of fund project management for 2015, the central government has further increased its support, issuing 11.06 billion yuan in modern agricultural production development funds to local areas for 2015 in advance, an increase of 2.65 billion yuan over the amount issued in advance the previous year. On the premise of ensuring compliance with policy requirements and institutional regulations, local areas may arrange and use the funds according to procedures once the 2015 budget year begins.

A relevant official from the Department of Agriculture of the Ministry of Finance stated that, in order to implement the new national food security strategy and promote China's agricultural modernization and sustainable agricultural development, in 2014 the central government allocated 13.15 billion yuan in modern agricultural production development funds, an increase of 8.2% over the previous year, to support local areas in developing grain and other advantageous and characteristic leading industries.

According to the introduction, the central government has adhered to the principles of "central macro-level guidance, local independent project selection, supporting advantageous and characteristic industries, highlighting grain production, grasping key links, integrating and concentrating funds, implementing performance evaluation, and strengthening fund supervision," which has promoted increases in the output of grain and major agricultural products, improvements in quality and structure, and growth in farmers' incomes.