男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / View

Transparency seen as the key to budget reform

By Wei Tian in Shanghai (China Daily) Updated: 2014-07-31 07:16

Editor's Note: In the previous two issues, we discussed how the fiscal system reforms would reshape the relationship between the central and local governments and how the tax reforms may add costs to some companies. The last article of the series talks about budget system reform.

With nearly 13 trillion yuan ($2.08 trillion) in revenue last year, the Chinese government might be one of the best money spinners globally, but its financial ability is not necessarily in line with its massive fortune.

Preparing a budget for a country with 1.3 billion people is never an easy task, and neither is balancing income and expenditure, but the top decision-makers are keen to improve governance via reform of the budget system.

"More transparency should be the first priority of budget reform," Finance Minister Lou Jiwei said in an interview earlier this month. In March, the Finance Ministry's annual budget report stated that government-funded organizations at all levels should disclose their budget and final accounts unless the information is classified.

But the government's account book has become more unclear for taxpayers in recent years despite the rapid growth in fiscal revenue, as local governments explore irregular revenue sources and sometimes fling their money around.

The growth rate of China's broad government revenue has been expanding at a speed nearly twice as fast as GDP growth during the past two decades. In contrast, the share of tax revenue in total government income has been declining, from 98 percent in 1994 to 86 percent in 2013. The rest, which is non-tax revenue such as fines and confiscations, amounted to nearly 2 trillion yuan last year.

While experts call for more efficient budget execution, Wei Sen, deputy director of the school of economics at Fudan University, said the key to a transparent budget system is to bring in more supervision.

"Fiscal reform is an economic term, whereas reform in the budget control system is more about bringing in more democracy and the rule of law. They are different concepts, though very much related," Wei said.

Until recently, the budget system reform officials talked about was more on the economic side, and Wei said a more important issue, a forceful supervision on budget planning by the National People's Congress, the top legislative body, is yet to be written on China's reform agenda.

Transparency seen as the key to budget reform
Transparency seen as the key to budget reform
Fiscal policy to play larger growth role
Transition or trend? Financial difference will be crucial issue 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 义乌市| 灵丘县| 九寨沟县| 梁山县| 昆明市| 夏河县| 尼木县| 沂南县| 浦北县| 托克托县| 东方市| 甘洛县| 霍州市| 清丰县| 赤城县| 壤塘县| 台湾省| 绥宁县| 抚州市| 美姑县| 醴陵市| 涞源县| 葫芦岛市| 柘城县| 金华市| 西城区| 缙云县| 西畴县| 米泉市| 邓州市| 襄垣县| 江达县| 汉中市| 克山县| 翼城县| 镇坪县| 全南县| 淮北市| 绥芬河市| 乡城县| 上虞市|