SCIO briefing on China's fiscal and monetary policies

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Speakers:
Liu Wei, vice minister of the Ministry of Finance;
Wang Jianfan, director-general of Tax Policy Department, Ministry of Finance;
Wang Kebing, vice director-general of Budget Department, Ministry of Finance

Chairperson:
Xi Yanchun, vice director-general of the Press Bureau, State Council Information Office

Date:
July 28, 2017

China Daily:

Just now you mentioned something about disclosure of government-managed funds and the catalogue of administrative charge items. Can you tell us how you will implement this? And whether the catalogue will have space for future changes or adjustments? Thanks.

Wang Jianfan:

The Ministry of Finance published "a network" of government-managed funds and administrative charge items on its official website on June 29. When we say "a network," we mean it will either include central government-managed funds and administrative charge items, or those in various provinces, cities, and regions. It covers all charge items in various departments of the central government as well as provincial, regional and municipal governments. In fact, before the network was announced, according to the arrangement and deployment of the State Council, the Ministry of Finance and the various finance departments at provincial level had already been publishing lists of the government-managed funds and the administrative charge items from 2014. However, there were no requirements for formatting then, while there were differences in project arrangements. Besides, some places might also have problems with delayed updating and not properly maintaining the catalogues. When the network was published, we received positive feedback from all walks of society. The network is quite significant in reinforcing and expanding the reform achievements in terms of delegating power, streamlining administration and optimizing government services, speeding up the establishment of a modern fiscal system, and working hard to build fiscal transparency.

As the next step, the Ministry of Finance will continue to manage the Network with routinized and dynamic characteristics to clarify the subjects of duty, to strengthen the supervision and accountability mechanism so as to carry out the policies of slashing fees approved by the State Council and further improve economic development environment.

Firstly, we will take the Network as the carrier, in order to improve the mechanism system of charges. Through the Network, we will strengthen guidance and supervision of the central government on local governments' charge items. We are building and seeking to improve the dynamic adjustment mechanism. And the Ministry of Finance will check with the local governments regularly to ensure the timeliness and accuracy of the Network.

Secondly, we will take the Network as the model to push local governments to further review and regulate fees and charges. By exposing the lists of charge items in different provinces (cities, districts), local governments will be able to spot gaps by comparison, and learn from each other to absorb advanced experience and methods, in a bid to improve their management. The Ministry of Finance will analyze the charge items of these districts in the Network, leading local governments to deepen reforms in the process ofreviewing and regulating all fees and charges.

Thirdly, we will step up the effort to clean up arbitrary charges and focus on the "service network." On the basis of the "service network," the Ministry of Finance and other related departments will strengthen supervision and inspection of arbitrary charges and fees which are not on the lists, do our work in accordance with the lists, and establish an operational and supervisory mechanism.

Xi Yanchun:

We will invite more macro-economic departments to attend the SCIO briefings and answer your questions. Please stay tuned for more press conference notices published on the SCIO APP. 

That's all for today's press conference. Thank you.

By Li Xiaohua, Chen Xia, Guo Xiaohong, Wu Jin, Gao Zhan, Zhang Rui, Liu Qiang, Cui Can, Li Jingrong, Zhang Jiaqi, Mi Xingang, Guo Yiming, Zhang Liying, Huang Shan, Xu Lin, Wang Qian, He Shan, Li Huiru

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