Government funds to get tighter audits

New regulations help ensure proper use of public money

China plans to tighten the auditing of fiscal funds and all government-related construction projects, according to a newly-revised regulation, in a bid to ensure sound use of public money and effective prevention of corruption.

The regulation on the implementation of the Audit Law, issued over the weekend by the State Council and to take effect on May 1, will help improve the country's auditing system, experts say. It will also boost the supervision of areas with high incidences of corruption, such as construction projects.