e-magazine
Quake Shocks Sichuan
Nation demonstrates progress in dealing with severe disaster
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Weekly Watch
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

The Latest Headlines
The Latest Headlines
UPDATED: April 2, 2010
Four Ministries Unveil Budgets for 2010
Share

Four ministries have made public their annual budgets for 2010 after the Central Government pledged to tell taxpayers how their money is spent.

The Ministry of Finance (MOF), the Ministry of Housing and Urban-Rural Development (MOHURD) and the Ministry of Science and Technology (MOST) posted their 2010 annual budgets on their websites on Wednesday, a day after the Ministry of Land and Resources (MLR) made its budget public on Tuesday.

According to the statistics, the total spending budget of the MOF is 2.45 billion yuan ($359 million), while the MOHURD has 843 million yuan, the MOST 21.2 billion yuan and the MLR 3.5 billion yuan.

All four budgets highlight the areas of revenue and expenditure, though without detailing items, such as the amount to be allocated for receptions and car purchases.

"This is the first time ministries have made public their budgets and it is usual that it is not exactly what the public expected. We will make more detailed budgets to the public step by step," said Lai Wensheng, director of the MLR's finance department.

"Information on the budget each department makes public will become more detailed," said Liu Shangxi, vice-director of the research institute for fiscal science under the MOF. "We will make it an ongoing process to add more items to the budget. Yet, I cannot say when items like expenditure on buying vehicles will be made public."

Ye Qing, vice-director of the Hubei Bureau of Statistics, concurred, saying: "Although every ministry included expenditure on housing in its budget, there is no further explanation on how the money is to be spent."

According to the MOF, expenditure on housing refers to three kinds of housing subsidies that administrative departments pay to their employees. The four ministries' budgets all give a figure for their total expenditure, without stipulating the percentage of the three housing subsidies and how the money will be spent.

The expenditure on housing by the MOF is 60 million yuan, while that of the MLR is 136 million yuan, the MOHURD is 26 million yuan and the MOST is 24 million yuan.

Ye admitted the expenditure on housing is too high. "With the housing price of Beijing so high, taxpayers won't be happy that they pay for government employees' housing," he said.

Experts still consider it a stride forward in pushing for transparent budgets and promoting public supervision of the government.

Bai Jingming, vice-director of the research institute for fiscal science under the MOF, said this is another step toward enhancing budget transparency from central to local governments.

"It will help the public to know how government money is allocated to solve social problems and to further understand the policies of our country," said Bai, "Besides, it also lets the public supervise the government more directly."

(China Daily April 2, 2010)



 
Top Story
-Too Much Money?
-Special Coverage: Economic Shift Underway
-Quake Shocks Sichuan
-Special Coverage: 7.0-Magnitude Earthquake Hits Sichuan
-A New Crop of Farmers
Most Popular
在线翻译
Useful Links: CHINAFRICAChina.org.cnCHINATODAYChina PictorialPeople's Daily OnlineWomen of ChinaXinhua News AgencyChina Daily
CCTVChina Tibet OnlineChina Radio Internationalgb timesChina Job.comEastdayBeijing TravelCCNStudy in China
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved