Senior official calls for fiscal reform
                 English.news.cn | 2014-02-19 21:02:08 | Editor: Yang Yi

CHINA-BEIJING-ZHANG GAOLI-CPC-SEMINAR (CN)

Chinese Vice Premier Zhang Gaoli, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, speaks on deepening the fiscal and tax system reform during a special seminar attended by provincial and ministerial officials on the comprehensive advancement of the reform, which was demanded by the third plenary session of the 18th central committee of the CPC, in Beijing, capital of China, Feb. 19, 2014. (Xinhua/Wang Ye)

BEIJING, Feb. 19 (Xinhua) -- Chinese Vice Premier Zhang Gaoli said on Wednesday that the country should strive for fiscal reform.

"There must be a clear roadmap and timetable for reform of the fiscal system," Zhang said at a special seminar attended by provincial and ministerial officials.

The government must "have the courage like gnawing a hard bone or wading through a dangerous shoal" in 2014 and 2015, a critical period for fiscal reform, Zhang said.

Focuses of fiscal reform include budget management, improving the taxation system and a mechanism for matching administrative power of government with financial resources, he said.

The country should improve the legal system, identify the power of governments at different levels, stabilize the tax burden and push for budget transparency, he said.

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