Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
China tightens control on administrative spending
+ -
14:38, January 29, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related Channel News
· U.S. financial crisis triggered global turmoil
 Comment  Tell A Friend
 Print Format  Save Article
China's central and local governments will be required to keep some administrative fees this year no higher than last year as the global financial crisis builds fiscal pressure in the country.

Zero-growth must be maintained in government spending on car purchases, meetings, receptions and overseas travels this year, the Ministry of Finance (MOF) told Xinhua on Thursday.

The MOF said it would strengthen oversight on government funds and investment and fight resolutely against illegal behaviors such as embezzlement.

Minister of Finance Xie Xuren said earlier this month local governments must strictly control construction of office buildings and promote frugal practices.

He said the country's fiscal revenue increase started to slow down in the second half of 2008 because of economic deceleration, corporate profit decline and tax cuts to boost growth.

China unveiled a 4 trillion-yuan (586 billion U.S. dollars) fiscal package in November to stimulate domestic demand.

Fiscal revenue last year is expected to rise 19 percent to exceed 6 trillion yuan (about 857 billion U.S. dollars), slower than a 32.4-percent annual gain in 2007, according to Xie.

Source: Xinhua



  Your Message:   Most Commented:
2009 Spring Festival
U.S. blame game cannot change facts of financial crisis 
Hu Jintao's "bu zheteng" baffles foreign media 
China hopes to ensure healthy, stable relations with U.S.
Hezbollah chief: Gaza militants to inflict big loses on Israel 

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/90884/6581868.pdf