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English > Politics&Law > Politics-Breakingnews>Auditor Reveals Delays of Local Stimulus Budget

Auditor Reveals Delays of Local Stimulus Budget

05-19 13:42 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-05-19/110168129.html

» The National Audit Office found that only 48 percent of the local government investment budgets were allocated on time in the first quarter this year.
» The delayed funds from local governments have forced some projects to be postponed.
» Under China's 4 trillion yuan economic stimulus package, the central government allocated 100 billion yuan last year and 130 billion yuan in the first quarter this year.
» Ninety-four percent of the funds from central budget have been allocated properly.
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