Latest News:  

English>>Business

Detailed and transparent spending expected

(China Daily)

15:41, April 23, 2013

While it is encouraging that the central authorities have publicized more government spending figures this year, we expect more detailed information and a stronger role for legislators to ensure taxpayers' money is properly used.

Budget information has been publicized since 2010, but the Ministry of Finance on Thursday released more information than previous years on the budgets of individual central departments and their expenditure on business travel, vehicles and entertainment this year.

The move is certainly welcome since in this way, government expenditure, which mainly comes from taxes, can be better supervised. Especially as China's fiscal income has grown more quickly than GDP for most of the past decade. In 2012, China's fiscal revenues accounted for 23 percent of its GDP.

Such a huge amount of taxpayers' money must be subject to strict supervision by legislators and the public, and a government should not collect and use public money without proper procedures and checks. Putting the use of public money under greater scrutiny is a feasible and indispensable way to reduce corruption and raise government spending efficiency, both of which have been the source of public concern in recent years.

So far, however, the opening up of departmental budget information is still far from adequate. Some departments have failed to provide a full and detailed picture of how they spent public money. The prevalence of technical jargon is also a hurdle for ordinary citizens to understand what is behind the provided figures.

Many local government departments, meanwhile, have not revealed any information at all.

Another problem is the lack of active participation from legislators. During the national legislature's annual session in March, some legislators complained that they were technically incapable of understanding the budget details and were not motivated to play a supervisory role.

Given the growing public complaints about the wasting of public money, the authorities must improve the openness of their budgets to build more transparent government.

While the concerned departments need to compile their budget reports using layman-friendly terms and in a more detailed manner, the legislators also need to be in a position to be more active and professional in supervising government budgets.

We Recommend:

Living in mini homes in China

Stunning models at Bangkok Int'l Auto Show

Shanghai Tower, tallest skyscraper in China

Bird flu fears hit poultry industry

Bird flu takes toll on poultry industry

Int'l footwear exhibition kicks off in Shanghai

Email|Print|Comments(Editor:WangXin、Gao Yinan)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China-US shared interests emphasized

  2. Soldiers in earthquake search and rescue

  3. Texas mourn for victims of explosion

  4. China’s weekly story ((2013.4.13-4.19)

  5. Children in quake-hit areas

  6. Seriously affected areas in earthquake

  7. Angry-birds-themed exhibition in Beijing

  8. Cultural relic sites damaged in Lushan earthquake

  9. Entrepreneurs see potential in market

  10. No new stimulus needed as economy remains stable

Most Popular

Opinions

  1. Are cities expanding too fast and too soon?
  2. Homework, games limit kids' reading
  3. Commentary: Quake-hit China grows in pain
  4. Loan guidance is good for banks, report says
  5. IMF should act responsibly
  6. Terrorist attacks should not be regionally labeled
  7. Texas town: like whipped by powerful tornado
  8. High land premiums set to affect profits
  9. Alliance sets new stage for culture
  10. Expats reconsider living in Beijing over pollution

What’s happening in China

Local villagers climb mountains to get relief supplies

  1. Shandong reports first bird flu case
  2. Rainfall poses new threats to quake-hit region
  3. When a helping hand is more of a hindrance
  4. Baby girl born in quake-hit Lushan County
  5. Volunteers' Engish classes in quake-hit area