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Problems in Central Government Budget Implementation Reaching 29 bn Yuan

2007 Annual audit of the central government budget implementation shows problems in the amount of 29.379 billion yuan, said Auditor-General Liu Yi of China National Audit Office on August 27, 2008. The audit covered 368 work units under 53 central government departments. Of the 29.379-bn yuan problem funds, 98% resulted from mismanagement, while violations of law and regulations account for 2%.

Source: China National Audit Office, August 27, 2008