Sunday, June 18, 2006

China's Environmental Expenditures for next 5 years

The Central government is planning to spend 1.3 trillion yuan on pollution control measures for the next 5 year plan (2006-2010. (SCMP 2/19/2006.) The announcement was made by Mao Rubai, director of the Environment and Resources Committee of the NPC. The statement was the first time this information has been made public. That comes out to 260 billion yuan per year, about 1.6 percent of GDP. It compares with 1.4 percent of GDP spending on pollution control measures in 2004.

The magnitude of the SEPA budget is designed to make-up for inadequate spending in the last 5-year plan and continued environmental deterioration.

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