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New Budget Law to improve efficiency:officials
BEIJING,Sept.22 (Xinhua) -- China's new Budget Law taking effect on Jan.1,2015 will focus on budgetary performance and prompt governments to spend more effectively,a senior finance official said on Monday.
Wang Bao'an,vice minister of finance,said during a seminar in Beijing that this is the first time that the law has included specifications on management of budgets and that it will lay the foundation for budget reform.
New Budget Law to improve efficiency:officials
BEIJING,Sept.22 (Xinhua) -- China's new Budget Law taking effect on Jan.1,2015 will focus on budgetary performance and prompt governments to spend more effectively,a senior finance official said on Monday.
Wang Bao'an,vice minister of finance,said during a seminar in Beijing that this is the first time that the law has included specifications on management of budgets and that it will lay the foundation for budget reform.