People’s Daily: Chinese auditors find 9.06 billion yuan in misappropriated funds

From People’s Daily:

China’s National Audit Office (NAO) found misuse of funds totaling 9.06 billion yuan (about 110 million US dollars) in 38 government departments in 2004.

The figure represented six percent of all the funds put under audit, NAO auditor-general Li Jinghua said Tuesday in Beijing when delivering a report on the performance of the central budget in 2004 and audit work of other fiscal revenues and expenditures to the Standing Committee of the National People’s Congress, China’s top legislator.

See also “4.9 bln yuan for water conservancy misused in 2004, audit report says” from People’s Daily.

June 28, 2005 5:47 PM
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Categories: Economy, Politics