11 December 2018

Guangzhou leads way in opening budget books, paper says

Guangzhou has volunteered to open its books to let central government finance chiefs review its budgets in a pilot push for local financial transparency called “Operation Sunlight”, Economic Information Daily reported Thursday. Wang Chaocai, vice president of the Ministry of Finance’s Research Institute for Fiscal Science, said Guangzhou is blazing a trail that is expected to extend nationwide in 2020. Guangzhou is understood to be opening its books on public finances, government funds, state-owned capital and social security, the report said.

– Contact HKEJ at [email protected]



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