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First, we accelerated the reform of the budgetary management system. We transferred local educational surcharge and ten other items from the budgets of government-managed funds into general public budgets. We drew up management regulations for the budgets of central state capital operations, transferred more funds from such budgets into general public budgets, and established a mechanism for making transfer payments from the budgets of central government state capital operations to the budgets of local government state capital operations. We moved forward with medium-term financial planning. We made further progress in organizing and integrating special transfer payments, cutting the number of items from 150 in 2014 to 96 in 2015. We established a standardized mechanism for local governments to secure financing through bond-issuance, placed local government debt under budgetary management by category, and imposed ceilings for such debt. All local government bonds are now issued and repaid by their respective provincial governments. We enacted regulations and operational guidelines for the preparation of government financial reports, published basic principles on government accounting, and revised the general fiscal budget accounting system.
-- At 10 a.m., Minister of Transport Yang Chuantang will give a press conference at the press center of the two sessions.
BEIJING, Feb. 25 (Xinhua) -- Chinese leaders did not pass any new proposals at their latest meeting on overall reform, the 21st of its kind, but rather stressed one key word: implementation.
Achievements aside, Yu also admitted that there are still room for for improvement for the CPPCC's work.
China and the Philippines have several agreements that disputes should be solved through dialogue and consultation.
来源：资阳报