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Supervising government spending with a budget law would be a good start to force the government to save money. Eighty-two departments of the Chinese central government reduced their spending on receptions, vehicles and overseas travel by 420 million yuan ($68.4 million) in 2012. This represents 6.75 percent of their budgets.
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  • By Zheng Yangpeng(China Daily)2012-02-28 09:47

    BEIJING - China must ensure that local governments have the fiscal capacity to meet their spending commitments, while it also must contain the growth of government expenditures, a report jointly issued by World Bank and the Development Research Center of the State Council said. "Local governments ar...

  • (China Daily)2011-03-10 07:58

    The promise by the Ministry of Finance to further increase the transparency of information related to the central government budget is an encouraging sign that the central government will set a good example for their local counterparts in the disclosure of government information. The spokesman of th...

  • By Vinod Thomas(China Daily)2009-11-25 07:54

    The incipient recovery of the world economy owes to the increased spending by governments of advanced and developing economies both.However, a sustainable recovery will depend not only on the amount of spending, but also on its quality. Many developing nations entered the crisis with good fiscal bal...

  • (China Daily)2009-10-27 08:36

    We share some people's disappointment that the budgetary information the city of Guangzhou made public does not offer specifics about some of the most-cared-about parts of government expenditure. Everyone concerned about the possible corruption and extravagance in official institutions would like to...

  • By Qin Xiaoying(China Daily)2009-02-10 07:49

    For many years in the past, the public had been in the dark about government budget, knowing little about how it was laid out and how the money was spent. At the annual National People's Congress (NPC), the country's top legislature, part of whose work is to review and vote the central budget for th...

  • By Fu Jing(China Daily)2009-01-17 08:19

    The United Nations is counting on China as Asia's "locomotive" for global economic growth, it said in a high-level report released on Friday. In the World Economic Situation and Prospects 2009, UN experts forecast China will achieve between 7 and 8.9 percent growth this year, with the most likely fi...

  • (China Daily)2006-12-13 09:37

    How hospitable should a government official be when receiving a business guest? Hospitality is not where the hazard lies, but the corruption and waste of public funds behind it have become a real concern.The money spent by public institutions to receive business guests was estimated at 370 billion y...

  • 2006-03-07 15:57

    Higher income, affordable housing, better education and lesspollution these are among the promises in the nation's 11thFive-Year (2006-10) Programme that the government's chief plannerhighlighted yesterday.It is the first five-year plan that seeks all-round social andeconomic benefits for citizens i...

  • By Fu Jing(China Daily)2006-03-07 09:42

    Higher income, affordable housing, better education and less pollution these are among the promises in the nation's 11th Five-Year (2006-10) Plan that the government's chief planner highlighted yesterday.It is the first five-year plan that seeks all-round social and economic benefits for citizens in...

  • 2006-03-01 10:00

    Spending on education is expected to take up a record 4 percent ofChina's gross domestic product (GDP) during the coming five years,a cabinet official said yesterday.In addition to increasing funds to guarantee compulsoryeducation, the country will lay stress on vocational training forits massive ru...

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