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Reports detail how tax funds will be spent

03-12-2014 16:45 BJT Special Report: 2014 NPC & CPPCC Sessions |

Deputies attending the National People’s Congress on Wednesday reviewed budget reports for this year and last year. The reports answer questions about where and how much China will spend its tax revenue in 2014.

Important while difficult. More than 3,000 NPC deputies studied the 2014 budget report in Beijing. Compared to previous reviews, some things are different this time.

A more than 200-page file went with the budget report for the first time, explaining future expenditure in graphics and tables. Still, for most of the deputies without professional backgrounds, it is still hard to understand the report.

Another deputy, Zeng Zhiquan, who is director of Guangdong Province’s Finance Department, says that accounting and statistics are professional subjects that make the budget report hard to understand for ordinary people.

This year, government’s administrative spending is also listed in the report for the first time. What’s more, the Finance Ministry officially raised the rolling budget for the country. Jia Kang, head of the Ministry’s Research Institute of Fiscal Science, says that it isn’t enough to only include the government and the public in making budgets, but that think tanks also need to join in the process.


Editor:James |Source:

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