Officials from the Ministry of Finance answer questions from reporters about the public release of the central budget in 2025.
On March 26, the person in charge of the Ministry of Finance answered questions from reporters about the central budget for 2025.
On March 26, a spokesperson from the Ministry of Finance answered questions from reporters regarding the central budget transparency for the year 2025. The spokesperson mentioned that the public disclosure of performance goals is an important part of budget transparency and serves as a powerful measure to enhance readability and strengthen public supervision. Since 2017, the Ministry of Finance has gradually increased the public disclosure of performance goals, with the number of disclosed goals increasing from 10 in 2017 to 796 in 2024. In 2025, it is expected that all central government departments will, in principle, disclose performance goals for general public budgetary projects, government fund budget projects, and state-owned capital operating budget projects in a proportion not less than 60% of the total number of projects.
The Ministry of Finance has been actively promoting budget transparency as an essential component of government information transparency and modern budget system. The central government has continuously emphasized the importance of budget transparency, and efforts have been made to improve the framework for budget disclosure. The central and local governments have been working together to achieve significant progress in budget transparency, expanding the depth and breadth of budget disclosure to enhance fiscal transparency.
Regarding the central government budget transparency, the Ministry of Finance has been timely and transparent in disclosing the central government budget information approved by the National People's Congress. This includes the central government's overall financial statements, transfers to local authorities budget information, and relevant explanations. Additionally, efforts have been made to facilitate public access to budget information through the establishment of a centralized platform for displaying central budgetary information. Similarly, progress has been made in the disclosure of budget information for central government departments and local governments, with a focus on improving accessibility for the public.
In conclusion, the Ministry of Finance will continue to promote the public disclosure of performance goals and work towards enhancing the quality of disclosed information for further public scrutiny.
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