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|E-system adopted in anti-corruption of public finances
BEIJING, Aug. 14 (Xinhua) -- China will reform its
troubled public finance sector over the next three years through a more
efficient electronic information system, Chinese Finance Minister Jin Renqing
said on Monday.
The new measures are aimed at eliminating corruption
and Jin believes that the information system - the country's first Government
Finance Management Information System (GFMIS) - will improve efficiency,
reliability and transparency, making it more difficult for individuals to abuse
their own power.
Jin said China plans to set up the GFMIS in three
years in order to make better use of public money and improve the management of
The project, which was listed last April by the State
Development and Reform Commission as a State-financed program, will cover 4
trillion yuan (500 billion US dollars) in fiscal expenditure, 1 trillion yuan in
non-tax fiscal and treasury bond revenues, and 6 trillion yuan in assets of
government departments and institutions. Jin did not reveal how much the project
The ministry began designing the information system
in 1999 and it was listed in early 2002 by the Chinese Government as one of the
government's 12 E-projects.
The ministry's computer system is now connected to
that of 36 finance departments of provincial governments or cities, 132
departments of the central government and the central bank. Enditem