left corner left corner
China Daily Website


Next show: Watching China's budget - 下期预告:解析中国的预算

Updated: 2012-08-09 08:44
By Digest China ( chinadaily.com.cn)

Next show: Watching China's budget - 下期预告:解析中国的预算

A draft amendment to China’s Budget Law has received nearly 331,000 comments and suggestions from about 20,000 members of the public as of Aug 5, according to the National People's Congress, China’s top legislature.

This is the second-largest number of comments a draft law has received since legislators began seeking public comment on laws via the Internet in 2005, staff from the NPC’s legislation committee said.

Details about the comments directed at the Budget Law have not yet been released. However, several analysts said such attention to the draft shows an unusual public interest in levies and expenses, as the government continues to harvest surplus revenue.

The amendment, if passed, would establish a set of requirements on budget making and enforcing, such as requiring governments to include all revenue and spending in annual budgets, making the budget public after it is approved by the people's congresses, and submitting budget adjustments for local legislatures’ review before making any fiscal changes.

But to what extent will the draft meet the public’s expectations? What problems does the current Budget Law present? While a lot of items in the Budget Law can be quite technical, how can the public watch China’s budget? Please be sure to join us in our next episode.