The Ministry of Finance announced Wednesday that it has allocated 860 million yuan (136.5 million U.S. dollars) to fight flood and drought.

Of the total, 615 million yuan will be sent to regions hit by typhoons, rainstorms and floods, while the remaining 245 million yuan will go to drought-hit areas.

Flooding has resulted in the deaths of 232 people with 55 people still missing nationwide this year, with southern China reporting the majority of victims, said the State Flood Control and Drought Relief Headquarters Tuesday.

The most severely affected provincial areas included Fujian, Jiangsu and Zhejiang.