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

diligently to ensure compliance with the requirements to implement proactive fiscal
policy, cut taxes and fees, support technological innovation, and practice fiscal
frugality.

We heard and deliberated a report on the central final accounts for 2020,
which we approved after reviewing. In this process, we put more emphasis
on performance and expanded the scope of performance-based evaluations of
key programs, involving funds totaling 1.7 trillion yuan.

We heard and deliberated a report on budget execution, and we exercised
follow-up oversight of the direct provision and use of 2.8 trillion yuan in
central government funds.

We heard and deliberated an audit report on central budget execution
and other fiscal revenues and expenditures for 2020 and a report on the
rectification of problems discovered through that audit. In monitoring the

execution of fiscal and tax policies to ensure their effective implementation,
we oversaw relevant government departments’ investigations into and
handling of issues like irregularities in tax rebates, indiscriminate government
borrowing, and misappropriation of environmental protection funds.

With further progress in developing an online budget oversight system,
we achieved preliminary success in coordinating work and sharing data
between different departments at different levels. We also made headway in

establishing local liaison offices for our Budgetary Affairs Commission.
Since the beginning of the current NPC’s term, the Party Central Committee has

entrusted it with new responsibilities and requirements to carry out reform for
expanding the focus of budgetary examination and oversight and to conduct oversight
of state-owned asset management.

Last year we heard and deliberated a report on the allocation and use of
government funds for transportation, carried out research on the
management and reform of government subsidies, and advanced the
implementation of policies supporting scientific and technological innovation,
environmental protection, social security, healthcare, and rural revitalization.

In these endeavors, we ensured that fiscal expenditures prioritized the
execution of major decisions and plans of the Party Central Committee.

For the fourth consecutive year, we deliberated the annual comprehensive
report and a special report on the management of state-owned assets. We
moved faster to advance online oversight of state-owned assets. We
formulated guidelines on setting up a system of standards for NPC oversight
and evaluation of state-owned natural resource asset management; we heard

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