The total financial revenue of Xi'an, capital city of Northwest China's Shaanxi province, exceeded 150 billion yuan ($21.21 billion) for the first time in 2019, with the general public budget revenue exceeding 70 billion yuan, according to the city’s 2020 financial work conference held on May 8.

Last year, Xi'an invested 706 million yuan in special poverty alleviation funds, and 4.56 billion yuan in rural residential environmental improvements, fully supporting poverty alleviation efforts.

Xi'an invests more in improving people's livelihoods, making it a more livable city for citizens. [Photo/Xi'an municipal government's WeChat account]

In terms of improving people's livelihoods, 96.9 billion yuan was invested in related fields throughout the year to ensure various capital increase policies and key expenditure needs for people’s livelihoods.

The city invested 20.19 billion yuan in education, a year-on-year increase of 28.4 percent, accounting for 16.2 percent of general public budget expenditure.

To support deepening the reform of the medical, health and social security systems, annual expenditure on social security and health care reached 22.13 billion yuan.

Xi'an launches a series of tax and fee reduction policies, reducing the burden for enterprise development. [Photo/Xi'an municipal government's WeChat account]

Regarding the implementation of tax and fee reduction policies at all levels, tax and fee reductions for the whole year reached 22.06 billion yuan, effectively reducing the burden for enterprise development.

Since the beginning of this year, throughout the fight against the COVID-19 epidemic, Xi'an's finances at all levels have effectively ensured the resumption of work and production, while doing an effective job in epidemic prevention and control.

As of the end of April, the city's finances at all levels had invested 2.02 billion yuan in epidemic prevention and control and support for enterprises to resume work and production, 653 million yuan of this was at the municipal level.