The funds will be used to build infrastructure facilities, Xinhua reported.
The Chinese government plans to invest about 80 billion yuan (over $11 billion) in developing the economy of the Tibet Autonomous Region in 2024.
According to the agency, the funds will be used for the construction of infrastructure facilities such as railways, motorways and airports. In particular, the authorities will start or continue the construction of 10 major airports in the region.
In addition, according to the agency, the allocated budget funds will be used to finance projects for the supply of clean energy.