Date
24 September 2017

Local govts told to publish budgets, finances, paper says

The Ministry of Finance will require local governments to publish their annual budgets and financial statements, Economic Information Daily reported Wednesday, citing an official notice. These include a detailed accounting of three key items which are the target of an ongoing campaign against extravagance — vehicle purchases, overseas travel and official receptions. The move could be a prelude to budget reform but whether local governments will fully cooperate remains to be seen, some analysts were quoted as saying.

– Contact HKEJ at [email protected]

TL/AC/RA

 

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