Reported 12 months ago
In various regions of China, local governments are facing financial crises and have been exposed for misappropriating subsidies meant for rural students' meals to repay debts and for other expenditures. Between 2021 and August 2023, 66 counties diverted 1.951 billion yuan (approximately 850 million New Taiwan dollars) of student nutrition subsidies for debt repayment and other uses. This revelation has angered many internet users, with some criticizing the misuse of students' meal funds. The financial strains in the country are leading to disruptions like bus suspensions and delayed salaries for public servants and institutions, accentuating the massive concerns in local Chinese finances.
Source: YAHOO