Save
Print[Ferro-alloys.com]A modern fiscal system that supports the initiative of both central and local authorities should be set up, said a communique issued Tuesday after a key meeting of the Communist Party of China (CPC).
China needs to improve its budget management and taxation systems in a bid to make responsibilities of government agencies match properly with what they spend, the communique said.
It is essential that China improves related legislation, ascertains government bodies' responsibilities, reforms the taxation system and ensures budgeting is transparent, it said.
A proper fiscal system provides institutional guarantee for optimized allocation of resources, social equality and long-term stability, the document added.
The document was adopted by the Third Plenary Session of the 18th CPC Central Committee held from November 9 to 12 in Beijing.
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
- [Editor:editor]
Daily News
Research
Magazine
Company Database
Customized Database
Conferences
Advertisement
Trade
Tell Us What You Think