Call for more realistic fiscal budgets, powers
By Zheng Yangpeng | China Daily | Updated: 2013-03-23 07:51
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The scenery of Taizhou city, Zhejiang province. According to the city's budget last year, basic public spending was 10.37 billion yuan ($1.67 billion), which meant just 300 million yuan was left for the city's contingent use. Wang Huabin / for China Daily |
Local governments need to be given fiscal powers commensurate with their spending responsibilities, a group of mayors from Zhejiang province have said.
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