Page 11 - REPORT ON THE WORK OF THE STANDING COMMITTEE OF THE NATIONAL PEOPLE’S CONGRESS

We strengthened the examination and oversight of the plans, budgets, and final
accounts of the government.

Focusing on the targets and tasks for national economic and social
development approved at the Third Session of the 13th NPC, we placed
ensuring stability on six fronts and maintaining security in six areas at the top

of our agenda. We heard and deliberated a report on the implementation of
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the plan for national economic and social development, held regular meetings
to analyze the state of the economy, and conducted ongoing oversight of
economic developments to ensure the full implementation of the Party
Central Committee’s major decisions and plans, as well as the 2020 plan for
national economic and social development adopted by the Third Session.

To comply with the requirement for pursuing a more proactive and

impactful fiscal policy, we heard and deliberated the State Council’s reports
on its final accounts, on the execution of budgets, and on auditing work, and
examined and approved the central government’s final accounts for 2019. We
heard and deliberated the report on the rectification of problems discovered
through auditing and conducted special inquiries. We carried out oversight
over the rectification process to see that relevant problems were effectively

remedied.

We carried out research projects on preferential tax and fee policies and
on tax and fee reduction policies for epidemic control, so as to provide legal
support to meet local governments’ funding requirements as they carried out
epidemic control work.

We further advanced the reform for expanding the focus of budget examination
and oversight.

We formulated guidelines for strengthening local people’s congresses’
examination and oversight of local government debt, and pushed for the

meticulous and effective implementation of reform measures for expanded
budget examination and oversight.

We carried out exhaustive budget examination and exercised budget
oversight at all stages, intensifying ex ante oversight, concentrating on interim
oversight, and carrying out ex post oversight effectively.

We stepped up oversight to see how effectively policies are implemented
and how efficiently funds are used. We established mechanisms for hearing

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The six fronts refer to employment, the financial sector, foreign trade, foreign investment,
domestic investment, and expectations. The six areas refer to job security, basic living needs, operations
of market entities, food and energy security, stable industrial and supply chains, and the normal
functioning of primary-level governments.

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