Latest News:  
Beijing   Thundershower    32 / 20 ℃  City Forecast

Home>>China Business

Chinese counties improve fiscal strength: audit report

(Xinhua)

11:23, June 09, 2012

BEIJING, June 8 (Xinhua) -- County governments across China are gradually improving their fiscal health and seeing relieved fiscal pressure, according to audit reports released by the National Audit Office (NAO) on Friday.

The improved fiscal health of the governments was mainly attributed to steps taken by central and provincial governments to boost fiscal revenues and ease the counties' fiscal crunch, the NAO said in a statement on its website.

However, non-tax revenues account for a large part of fiscal income for county-level governments, making the governments less flexible in terms of spending due to the designated use of those funds, the NAO noted.

Non-tax revenues collected last year accounted for 60.45 percent of government revenues in 54 counties in 18 provinces, autonomous regions and municipalities that were audited from November 2011 to March 2012, the NAO said.

According to the auditors, the fiscal revenues of counties include taxes, administrative fees, funds supported by the government, state-owned assets, income from selling resources and business income from state-owned capital.

The NAO warned that some counties have been relying too much on transfer payments by central and provincial governments for local spending.

During the auditing period, the NAO found that county-level governments waived a total of 7.04 billion yuan (1.11 billion U.S. dollars) in taxes or land sales for enterprises from 2008 and 2011, a move that was not in line with state policies.

Also, 13 cases of irregularities and disciplinary violations involving 29 officials were found during the auditing, according to NAO.

The officials have been handed over to law enforcement departments for further investigation, the NAO said.

Email|Print|Comments(Editor:张茜、姚春)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Auto model, a hard job

  2. APF Tongren detachment conducts military training test

  3. Yoga, rest and play

  4. 60 years: Mass sports in China

Most Popular

Opinions

  1. Why China, US argue over PM2.5 data
  2. Nation needs private capital for resource demand
  3. Int'l board could give local stocks a run for money
  4. SCO is strategic choice for members
  5. Conditions not ripe for farm land privatization
  6. 'Going Global' a win-win game for both sides
  7. China is a strategic and reliable partner
  8. Anti-monopoly push may fail to woo private capital
  9. Real benefits of high trade volume remain elusive
  10. Construction boom could hinder economic growth

What's happening in China

Fake monks repent, find faith, improve karma

  1. College, one man's dream, another's headache
  2. Chinese replica Austrian village, controversy
  3. Beijing building 45-km underground water tunnel
  4. College entrance exam topics viewed as strange
  5. China cuts fuel prices to fight slowdown

China Features

  1. Maritime spat between China and DPRK
  2. The 24 solar terms
  3. High ticket prices, unaffordable landscapes
  4. Huangyan tensions
  5. 2012 Russia-China joint naval exercise

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai