China Financial Daily

August 25, 2009

10 autonomous regions and municipalities have been misappropriated funds have returned 70% of agriculture

Filed under: Financial News — Tags: — lily @ 2:06 am -0700

10 autonomous regions and municipalities have been misappropriated funds have returned 70% of agriculture
National Audit Office audit found that Henan, Gansu, and Shanxi provinces and municipalities in 10 departments and units of illegal use of funds for supporting agriculture 2.693 billion yuan, as of the end of May 2009, has rectification 2.286 billion yuan, accounting for the total amount of funds the audit found irregularities in 84.91 %.

Audit No. 11 this year, the day before yesterday released the results of the audit statement, announcing the illegal use of funds for supporting agriculture on the rectification of the problem of tracking the results of the investigation. The Audit Commission in 2008, Henan, Gansu, Shanxi, Heilongjiang, Jiangsu, Hunan, Fujian, Shaanxi, Inner Mongolia and Chongqing, 10 provinces and municipalities from 2006 to 2007 the financial support for agriculture and related agriculture-related fund management conducted an audit of policy implementation investigations and May 20 this year at No. 4, bulletin announced the results of the audit findings.

No. 4 this year, the audit results indicate that put fiscal policy in some parts of agriculture has not been fully put in place, agriculture, infrastructure investment is still insufficient, the Financial agriculture resource allocation, use and management are not standardized. The audit results, the Development and Reform Commission, Ministry of Finance, Ministry of Water Resources and other departments and 10 provinces in the municipal government has taken effective measures to urge the relevant departments for rectification.

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