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Yu, chairman of the CPPCC National Committee, urged political advisors to offer advice and suggestions for the implementation of major reform measures, policies and targets set for the next five years, carrying out democratic supervision and feeling free to express their opinions.
In terms of the second home purchase, tax rates will be 1 percent for those under 90 square meters and 2 percent for larger homes in cities excluding Beijing, Shanghai, Guangzhou and Shenzhen. Previously the rate was 3 percent, regardless of floor space.
Rao Geping, a law professor of Peking University and a political advisor, said the elderly population's demand for mental healthcare has risen but been far short of supply. Very few institutes are providing such support, he said.
We have tightened budgetary constraints and made sure that all expenditures are based on budgets. We further increased the detail of budget itemization, scaled down the amount of tentative budgets prepared by the Ministry of Finance for other governments offices or programs, and examined and approved departmental budgets in a timely fashion. We accelerated the work to break down and disseminate budgetary expenditure targets and intensified inspections of programs implemented by central government departments, therein achieving noticeably faster budget execution. We improved the regulatory system for budgets and made budget assessment an essential part of the budgetary management procedures. We introduced regulations such as the provisional regulations for performance target management of special transfer payments from the central government to local governments. The number and yuan value of central government department programs that received performance evaluations rose by 26.3% and 27% respectively, and the evaluation results were linked to the allocation of this year's budgets. We expanded the number of government departments whose budgets and final accounts are subject to NPC review, and for the first time, publicly released budgets for special transfer payments broken down by region and by program. We also carried out inspections on the disclosure of local governments' budgets and final accounts with a view to enhancing their fiscal transparency.
"Structural reforms are to focus on addressing overcapacity problems, improving productivity, lowering the tax burden on enterprises and facilitating access to credit, addressing imbalances in the property market and strengthening financial supervision," the IIF said.
来源：资阳报