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Thursday   9 /19 /2002


Closer eye on gov’t spending

Closer eye on gov’t spending

  

  ALL levels of governments in Guangdong Province will have their purses watched more closely by the local people’s congress, according to a release from the provincial finance working meeting yesterday.

  Not only will the people’s congress review the government budgets and supervise their performances, it has also started to evaluate the efficiency of government spending.

  Shenzhen has been chosen to carry out the efficiency auditing trial and the practice will soon be extended throughout the province.

  The focus of supervision is laid on the actual social effect rather than the size of the spending, Lu Zhonghe, vice director of the standing committee of Guangdong Provincial People’s Congress said yesterday.

  A special governmental budget auditing office will be established under the provincial people’s congress, Lu said, following the example of an auditing department under the Guangzhou Municipal People’s Congress this July.

  Lu also warned of the risk of a heavy loans burden on local governments brought about by poorly performing State financial institutions.(Li Dan)

  

  

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