Legislators Call for Tighter Supervision of Budget

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Last updated at: (Beijing Time) Thursday, June 27, 2002

Legislators Call for Tighter Supervision of Budget

Senior Chinese legislators called for tighter supervision Thursday to curb illegal practices in executing the central budget.

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Senior Chinese legislators called for tighter supervision Thursday to curb illegal practices in executing the central budget.

Auditor-General Li Jinhua delivered a central audit work reportWednesday to the Standing Committee of the National People's Congress (NPC), exposing malpractice in some departments of the Ministry of Finance and some branches of the People's Bank of China.

In a group discussion of the audit report Thursday, members of the NPC Standing Committee expressed their deep concern.

NPC Standing Committee member Wang Mingshi said a lot of problems had been found through auditing.

"Those practices not only damaged market order, but also badly affected the capital market and were therefore severe crimes," Wang said.

He urged the government to increase expenditure on auditing, and that the NPC and its special committees should tighten supervision over financial activities.

Another NPC Standing Committee member, Xie Youqing, said the problem departments should correct their mistakes and report to the NPC. Heads of those departments should also report to the NPC on how they would correct their mistakes.

He further suggested that important decisions and measures on budget change and expenditure should be discussed and approved by the NPC before being enacted.

Other legislators suggested further publicizing the budget planto prevent any potential opportunities for illegal activities.

Another member, Wu Shuqing, suggested heavy punishment to the individuals and departments involved, so that they could make no illegal economic gains.

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