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Housing funds and social security funds no big audit problem

By Fund China
Published: 11:10, December 30th, 2007

GUANGZHOU (Fund China) – Keepping a fortis financial supervision on the agriculture, environmental protection, social security, medical care, education and other relations in the people’s livelihood will be one of the most important issues for the Audit Commission next year.

HFs with no big problems

Li Jinhua, Auditor-General of the National Audit Office yesterday in the opening of the national audit work conference said that the audit should pay close attention to financing closed related to the public’s interest.

In the next year’s audit arrangement, one of the priorities is focusing on the state’s macroeconomic policies implementation and the issues of the structure, mechanism and system, as well as the people’s livelihood improvement,the new socialist countryside construction and the ecological environment protection. And pay close attendtion to the audit and the special aduit investigation, promoted the efficiency audit actively.

With the financial resources tending to the people’s livelihood, it is concerned gradually the auditing to the people’s livelihood issues.

In a recent “People’s Daily” interview, Li Jinhua said that the auditing departments will further strengthen the transparency of the audit to the people’s livelihood, and the aduit should be done every year, published the financial income and expenditure by the media.

This year the housing fund audit has been completed finding no major problems. The Social Security Fund itself has no major problems, but a deficiencies in the social security plan model.

Now the social security fund is basically implemented by the country paln, but the level of county economic development has a big difference, the poorer counties need more social security, but can not afford sufficient money. The best is the implementation of the provincial plan, and then gradually implement a national plan, so that the Social Security can play a better role. “Li Jinhua said in an interview.

A Central departments illegal financing 6.872 billion

This year the Audit Commission audits 56 central departments, extending audits 434 Grade two budget units, and found out a amount of 6.872 billion yuan illegal financing.

Li Jinhua also said that the audit findings and rectification work take a universal attention. From the implementation of the central budget audit, the audit unit has recovered or been returned the misappropriated funds 4.195 billion yuan and suggested a 305 addtions to the system according to the audit recommendations by the end of October 2007.

The National Audit audit the leading cadres 25,000 people, including 361 the department directors and found out a illegal amount 3.6 billion yuan cause by the leading cadres’ direct economic responsibility, transfering 304 people to the discipline inspection and supervision departments.

Copyright Fund China 2009.

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