Auditor recovers funds and land
By Feng Jianmin |
January 17, 2013, Thursday
|
Print Edition
Print Edition
CHINA'S top auditor helped recover more than 105 billion yuan (US$16.9 billion) and 20,500 hectares of land as of October after inspecting the central government's 2011 budget.
The National Audit Office yesterday said it uncovered 112 cases of irregularities, leading to more than 660 persons being criminally charged. It also proposed improvement to more than 1,600 regulations.
Problems include loopholes in affordable housing projects, irregularities in land sales, irrational investment plans, and failure to allocate budgets to specific departments or regions, the office said in a statement.
About 2.7 billion yuan in embezzled funds meant for affordable housing have been recovered, and 6,928 unqualified households have been deprived of affordable housing benefits, the office said.
In June, the office reported that 2.96 billion yuan in funds allocated for the construction of government-subsidized homes for low-income earners were embezzled in 2011.
The central government has accelerated the construction of affordable housing projects in the past two years as part of broader efforts to control property prices amid widespread complaints about expensive homes.
The government has pledged to build 36 million affordable housing units during the 2011-2015 period to meet demand from low-income families. But the projects have attracted wide public criticism recently after several senior government officials were alleged to own an excessive number of such homes due to irregularities.
The office said local governments have made or improved 24 rules to regulate affordable housing funds, and the office proposed fiscal reforms that could balance revenue distribution between the central and local governments.
In terms of land sales, 13,334 hectares of illegally acquired land have been recovered, and 13.5 billion yuan from land sales has been recovered, the office said.
In the financial sector, all 30 billion yuan of problematic loans were recovered, and 395 persons were handled by legal and disciplinary authorities.
The National Audit Office yesterday said it uncovered 112 cases of irregularities, leading to more than 660 persons being criminally charged. It also proposed improvement to more than 1,600 regulations.
Problems include loopholes in affordable housing projects, irregularities in land sales, irrational investment plans, and failure to allocate budgets to specific departments or regions, the office said in a statement.
About 2.7 billion yuan in embezzled funds meant for affordable housing have been recovered, and 6,928 unqualified households have been deprived of affordable housing benefits, the office said.
In June, the office reported that 2.96 billion yuan in funds allocated for the construction of government-subsidized homes for low-income earners were embezzled in 2011.
The central government has accelerated the construction of affordable housing projects in the past two years as part of broader efforts to control property prices amid widespread complaints about expensive homes.
The government has pledged to build 36 million affordable housing units during the 2011-2015 period to meet demand from low-income families. But the projects have attracted wide public criticism recently after several senior government officials were alleged to own an excessive number of such homes due to irregularities.
The office said local governments have made or improved 24 rules to regulate affordable housing funds, and the office proposed fiscal reforms that could balance revenue distribution between the central and local governments.
In terms of land sales, 13,334 hectares of illegally acquired land have been recovered, and 13.5 billion yuan from land sales has been recovered, the office said.
In the financial sector, all 30 billion yuan of problematic loans were recovered, and 395 persons were handled by legal and disciplinary authorities.
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