Abstract : The State Council, China's cabinet, on Tuesday unveiled a guideline on deepening reform of the country's budget-management system.
BEIJING, April 13 (Xinhua) — The State Council, China’s cabinet, on
Tuesday unveiled a guideline on deepening reform of the country’s
It specified measures covering six areas to improve the system,
including strengthening budget revenue coordination, standardizing
budget expenditures and enhancing budget implementation and performance
According to the guideline, the country will also step up risk
prevention and control while ensuring its fiscal sustainability, with
measures to improve the mechanism for local governments to raise debt in
an appropriate manner and according to the law.
Efforts will also be made to improve fiscal transparency and better
utilize information technology in budget management. Fiscal systems of
the central and local governments will be connected while budget-related
information will be shared across different departments, according to
the document. Enditem
About Xinhua Silk Road
Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).
Source: China to deepen reform of budget-management system