Quotable

"The Budget Law deals with affairs that are related to all taxpayers. It's also related to the government and the ruling Party's governance. Rarely are there any laws - in fact, no other laws - that deal with issues as important as this. In China, the Budget Law is the only comprehensive law that regulates public funds."

Wang Yongjun, director of the Institute for Finance and Economics Research, Central University of Finance and Economics, said in an interview with China Daily to discuss amendments to the Budget Law.