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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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  • 2004-05-24 17:18

    The Chinese Ministry of Public Health announced here Friday that itwould spend 1.5 billion yuan (US$181 million) this year onpurchasing ambulances, in-car equipment, and devices for testingand treating infectious diseases.Another 573 million yuan (US$70 million) will be used to buyoutfits for medica...

  • (Third World Network)1998-11-23 00:00

    AS the East Asian financial crisis continues to deepen, the debate on the role of the International Monetary Fund's (IMF) policies has heated up.The IMF's top officials continue to defend their macroeconomic approach of squeezing the domestic economies of their client countries through high interest...

  • (Xinhua)1997-03-01 00:00

    MOSCOW (Agencies via Xinhua) — President Boris Yeltsin, making a comeback after his illness, sharply criticized his own government yesterday for producing a "bad budget," and said he had no option but to take finance matters into his own hands to avert a crisis.In a brief radio address, the 66-yea...

  • By Tong Ji(China Daily)1995-04-30 00:00

    Industrial output reached 924.33 billion yuan ($112.72 billion) in the first three months, at 1990 constant prices, up 17.1 per cent over the same period of 1994, according to the latest figures released by the State Statistical Information and Consultancy Service Centre.The centre said capital cons...

  • (Xinhua)1993-12-15 00:00

    SANTA FE DE BOGOTA (Xinhua)-As a sign of their continuous economic improvement, Latin American countries made new strides in curbing inflation in 1993.Prices in most Latin American countries remained stable this year. The rise of retail prices in all countries except Brazil have fallen to 19 per c...

  • (China Daily)1991-11-14 00:00

    How did the government spend its money in the last ten years and how serious are its present difficulties?The following are excerpts from an Economic Daily article analyzing the country's financial situation and the causes of its difficulties.From 1981 to 1990, the government was in financial defici...

  • By Our Staff Reporter(China Daily)1991-09-29 00:00

    Machinery and electronics producers burdened with large stockpiles should take advantage of markets created by the government's increased spending for capital construction, an industry expert says.Sales of machinery and electronics climbed 30 per cent in the first six months of this year compared to...

  • By Huang Xiang(China Daily)1990-11-18 00:00

    China's 500,000 tax officials are stepping up efforts to collect due taxes, fight evasion and plug loopholes in response to the government's final sprint to meet budgetary targets.Taxes provide more than 90 per cent of the central government's revenue, but collection is falling behind the requiremen...

  • (China Daily)1989-07-17 00:00

    For decades, the Chinese government has been spending a considerable part of its revenue subsidizing non-profitable enterprises and public services in order to improve daily life. It is like the whole society leaning against a reliable pillar.Now the pillar can barely support the increasing huge fin...

  • (China Daily)1989-03-02 00:00

    Nearly 30 years have passed since China started to give its citizens price subsidies. Now the cost totals more than 30 billion yuan a year and is straining the national budget, but where the subsidies have gone remains a mystery to many people, says Monday's Economic Daily.The everyday life of Chine...

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