21 August 2019

Ministry calls for better local govt budgeting, CNS says

The Ministry of Finance has told local governments to expedite drafting of their budgets and the spending of budgeted funds, the China News Service reported Friday, citing a ministry circular. The ministry also called for better management of government funds, and warned against allocating money to projects or parties outside of official budgets. Earmarked funds that are not spent by the end of September each year will be reassigned to more urgent projects, the report said.

– Contact HKEJ at [email protected]



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