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Govt spending of public funds cut by over 10 percent

Updated: Apr 17,2015 5:02 PM     Xinhua

BEIJING — Government spending of public funds will be reduced by 11.7 percent this year to promote frugality, the Ministry of Finance announced on April 17.

The ministry said 6.316 billion yuan ($1.03 billion) had been allocated to cover expenses related by government vehicles, officials’ overseas trips and official receptions.

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