Chinese Funds Transferred to General Treasury

China has provided financial assistance totaling around Rs. 30 million to compensate for damage to houses and properties caused by natural disasters from Jan. 1 to Oct. 30, 2024.

This amount has been forwarded to the Treasury.

In addition, the Department of National Budget has allocated further financial provisions to the Ministry of Defense to reconstruct homes affected by the disasters.

The Department of Treasury Operations has promptly released these funds to the Ministry of Defense.

These additional provisions were necessary because the 2024 budget did not include adequate funds to address the needs of disaster victims.

Furthermore, the People’s Republic of China expects material assistance worth 10 million Yuan under the Emergency Humanitarian Assistance Program.

The goods will be appropriately accounted for and distributed once received.

Finally, steps have been taken to ensure the timely disbursement of compensation for damaged homes and properties and the swift completion of reconstruction and renovation efforts through the Disaster Relief and Monitoring Project.