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Home >> China
UPDATED: 19:33, June 18, 2007
China's legislators to hear audit report on 2006 central budget
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China's legislature is to discuss an audit report on implementation of central budget of 2006 at a session beginning on June 24.

The 28th session of the Standing Committee of the National People's Congress (NPC) will convene from June 24 to 29, the chairman and vice-chairpersons of the NPC Standing Committee decided at a meeting on Monday.

The session will consider the report on the 2006 final accounts and a report on the execution of 2006 central budget.

Other issues on the agenda are a draft amendment to the Civil Procedural Law, a draft amendment to law on conserving energy and a draft amendment to law on legal practice.

NPC Standing Committee members will discuss draft laws on labor contracts, anti-monopoly, emergency response and employment promotion and the report of the implementation of Compulsory Education Law.

The Treaty between China and New Zealand on Mutual Legal Assistance in Criminal Matters and the China-Tajikistan Good-Neighborly Treaty of Friendship and Cooperation will also be submitted to the meeting for deliberation.

China's chief auditor Li Jinhua, dubbed the "iron auditor", has for several years exposed budgetary misappropriation by government departments in his annual report.

The audit report on implementation of the central budget of 2005 which was made in June 2006 reported that 48 central government departments had misappropriated 5.51 billion yuan (723 million U.S. dollars) from the central budget in 2005 by hiding revenues, fabricating expenditure or lying about the number of subordinate units.

Source: Xinhua


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