The government work report states that governments at all levels should better "manage finances and govern effectively"

LightningPacketLoss · 2026-03-05T03:24:44+00:00

The government work report emphasizes that all levels of government should optimize financial management, implement revenue increases and expenditure reductions, strictly control spending, and allocate saved funds to development and people's livelihood needs.

LightningPacketLoss

2026-03-05 03:24:44

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Two Sessions Xinhua News Agency Flash: The Government Work Report states that all levels of government should better “manage finances,” establish and improve revenue-increasing and expenditure-reducing mechanisms, actively utilize existing resources and assets, uphold strict financial discipline, strengthen budget constraints, tightly control general expenses, and resolutely implement the requirement to live frugally. Every penny saved must be used for key development areas and urgent needs of the people.

(Edited by: Wen Jing)

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