Ministry of Railways Announces Annual Budgetary Surplus of 4 Million RMB Up by 8 Times a Year

Recently, many government departments have publicly disclosed to the public their respective departmental budgets for 2012. Among them, the Ministry of Railways' budget announced that the expenditure on home purchase subsidies has increased by 8 times compared with last year. This has become a bright spot and has attracted much attention.

According to the official website of the Ministry of Railways, the total budget of the Ministry of Railways in 2012 was 2,198,477,100 yuan, an increase of 2,932,626,100 yuan over the budget for the beginning of 2011. Among them, the purchase subsidies are the items with the highest increase in the Ministry of Railways' financial budget this year. After deducting the infrastructure projects arranged by the Development and Reform Commission, the budget is 45.6 million yuan, an increase of 40.6 million yuan over the 2011 implementation, an increase of 812%.

The high debt ratio, which is constantly rising, and the provision of benefits for large-scale houses, inevitably sparked heated discussions among netizens. “When employment goes to the Ministry of Railways, we have to make room for house purchases. We have a place to live and work in peace and contentment, and we create roads for the people.” The netizen “chasing the ideal de puppet” wrote this short phrase.

For the reasons for the increase in the budget for 2012, the Ministry of Railways official explained that the main reason is that the budget for the railway infrastructure projects arranged by the National Development and Reform Commission in the 2012 departmental budget is higher than that in 2011; the second is the budget increase for the railway public security funds arranged by the financial allocation. .

In the case of the purchase subsidy, it is said that the increase is more than 8 times than last year, "the main reason is that the application increased the 2012 budget." According to analysts in the industry, the reason for increasing the budget for railway infrastructure projects is considered to be reliable, but the explanation of the purchase subsidies is unclear.

According to public information, as of September 30, 2011, the total assets of the Ministry of Railways totaled 375.95 billion yuan, total liabilities were 228.85 billion yuan, and the debt ratio was 59.6%.

"The Ministry of Railways is only interest, and it will be worth 150 billion yuan a year. Plus 24 railway bureaus still need 200 billion yuan a year, so the light interest will still be 170 billion yuan a year." Academician of Chinese Academy of Engineering, China Railway Tunnel Wang Mengshu, deputy chief engineer of the Group Co., Ltd., said in an interview with the China Economic Times. (Text / Yao Huan)