China's Auditing Administration is to increase its focus on
public funds and issues of particular public concern this year, and
administration official has said.
The official said Tuesday that the administration would not only
supervise expenditure of public funds, which already account for 80
percent of its work, but also consider whether the spending is
worthwhile.
Auditing of projects of public concern had also been raised on
the administration's schedule this year, including prices of
university teaching materials, the use of the public fund for AIDS
prevention, and the investment in the rebuilding of the Palace
Museum.
"Auditing on such issues will curb waste caused by inappropriate
policy-making and governmental administration," the official
said.
The administration's work covered a wide range of subjects,
including government finances, infrastructure construction and
environmental protection projects, social security, and the use of
foreign investment.
"Many of the projects under auditing are closely linked to
ordinary people's lives," said the official, citing the
resettlement program for the Three Gorges Project,
anti-desertification projects in north China, and highway
tolls.
The official said audits of financial institutions would be
pushed forward and involve the Bank of China, the Bank of
Communications, and China Merchants Bank. The books of the China
National Salt Corp. and other seven major state-owned enterprises
would also be reviewed.
The purchase of emergency and rescue facilities for coal mines
would also be investigated and audited, the official said.
(Xinhua News Agency July 5, 2006)