By News Room
In order to accelerate the good-quality and balanced development of compulsory education and the integration of urban and rural areas, the Chinese Ministry of Finance recently issued a transfer payment fund of 2.274 trillion yuan for compulsory education in 2023, compared with last year. an increase of 14.8 billion yuan. So as to guide and support local governments to strengthen and improve the guarantee mechanism for compulsory education funds, deeply promote the reform of weak links and capacity enhancement, strengthen the construction of teachers and the teaching quality of compulsory education be improved.
According to the information, further improving the guarantee level of public funding for compulsory education schools will require 1.56 trillion yuan, an increase of 11.5 billion yuan from last year. Further raise the subsidy standards for public funding of boarding schools and the subsidy standards for heating fees in some provinces of the Northern Territory to ensure the normal operation of schools. Around 159 million students across China will have fee waivers and free textbooks. Around 2.4 crore students from families with financial difficulties will receive the living subsidy. Around 1.4 crore children of migrant workers will be able to carry relevant education funds with them.
(Credits- China Media Group, Beijing)
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Source: China releases 2.274 trillion yuan transfer payment fund for compulsory education in 2023
Category: Asia, News, World, China, india
