China will increase supervision of State-owned assets and funds to reduce inefficiency and low-efficiency usage, the head of the National Audit Office has said.
Liu Jiayi, the auditor general, said his office will step up audits on the regulation and distribution of State-owned assets, funds and other resources this year.
Exposing risks to the economy will be a priority, he told reporters today on the sidelines of the ongoing two sessions.
The National Audit Office will also make efforts to solve any problems found during audits and prevent them being repeated by the same institutions, Liu said.
He stressed the importance of further improving systems related to accountability and rectifying problems.
The authorities punished 3,229 government officials for fiscal violations discovered during an audit of the central government's 2015 budget, according to a report the office submitted to the National People's Congress Standing Committee in December.
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