Xinhua reports on the State Council’s on-going efforts to implement public fiscal reform:
China started asking government departments at the central level to publicize their budgets beginning in 2009. Last year, 75 out of 98 government agencies at the central level released their budgets to the public.
The State Council meeting held on Wednesday suggested that all 98 Party and government departments at the central level make their financial budgets public this year after the documents are approved by the National People’s Congress.
“The openness of financial budgets still falls short of people’s expectations as some departments lag behind in making their budgets public and some information released is not detailed enough,” read a statement released after a regular meeting of the State Council.
Meanwhile, the State Council vowed to increase efforts in pushing local governments to release their budget records.
