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Economic growth and defense buildups should both be achieved in a coordinated, balanced and compatible way, the circular said.
Statistics from the ministry showed 16 pilot areas implementing a "combined technology and finance" program, including Shanghai and Chongqing, have loaned more than 1.2 trillion yuan to middle and small enterprises for scientific research investment.
"There is fiscal space to stimulate consumption through greater public spending on health and education and tax cuts," David Dollar, a senior fellow with the Brookings Institute, told Xinhua.
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.
SHANGHAI, Feb. 1 (Xinhua) -- A Shanghai court on Monday ordered two food processing plants of a major fast food chain supplier to pay fines and sentenced 10 people to prison terms for producing and selling substandard products in a case exposed in 2014.
来源：资阳报