Chinese auditors last year sniffed out fewer problems in budget fund using in
the country's centrally administrated departments than in 2005, according to top
auditor Li Jinhua.
The National Audit Office (NAO) found 1.2 billion
yuan (about 150 million U.S. dollars) of budget fund was misused by 48 central
government departments last year, much smaller than the 5.51 billion yuan of
2005, Li,NAO auditor-general told an annual auditing work conference on Monday.
Li warned, however, problems in the affiliates of the central
departments loomed large.
The agency discovered 4.2 billion yuan was misused
and 1.97 billion yuan wasted last year after auditing 274 affiliated
departments, Li said.
The annual budget auditing covered 137,000
governmental departments, organizations and state-owned enterprises nationwide.
According to Li, the NAO will focus its work on budget management and
implementation of financial regulations in departments of the central government
in 2007.
Li also urged auditors to intensify budget auditing at local
levels.
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