The race to spend funds
By An Baijie | China Daily | Updated: 2014-11-25 07:43
A recently published report has raised public concerns about possible high levels of local government expenditures at the end of the year.
As of late October, overall expenditures had reached 11.4 trillion yuan ($1.86 trillion), accounting for more than 74 percent of this year's budget, according to the report, released by the Ministry of Finance on Nov 14.
That means that about a quarter of the budget, almost 4 trillion yuan, could be spent in the last two months of the year.
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