Improper use of Stateowned assets exposed

Source:Global Times Published: 2010-7-30 9:01:00

By Yang Jie

Several Beijing government departments have been spotlighted after audit authorities exposed their bad management of State-owned assets, including demolition compensation funds and subsidies for the disabled.

Li Yingjin, director of the Beijing Municipal Audit Bureau, presented the 2009 audit report on budget enforcement and other financial revenues and expenditures Thursday. It referred to 11 municipal departments.

The Beijing Municipal Finance Bureau was found to have approved and allocated a budget of over 200 million yuan ($29.49 million) improperly. They budgeted for more than 100 projects that were in violation of related rules during 2009, the Beijing Evening News reported.

The bureau even listed as expenditures for 2009 the living subsidies provided for the disabled in 2010, worth 12.88 million yuan ($1.90 million), affecting the accuracy of final accounting for last year.

The Beijing Local Taxation Bureau was also accused of failing to provide complete statistics on taxes in arrears. Some district and county-level local tax bureaus even exempted some taxpayers from paying when they didn't meet requirements to be excused.

In another oversight, a real estate company that owed 30.1 million yuan ($4.44 million) in taxes changed its address before paying. Local and municipal level taxation authorities paid no mind, the Legal Mirror reported.

And while issues of compensation for demolished property have upset many residents, a Beijing Evening News report said Thursday that 325 million yuan ($47.95 million), including money allotted for compensation, was instead used for authorities' own construction projects. At the same time, some demolition projects failed to sufficiently evaluate situations for proper compensation, and some authorities' employees are even suspected of defrauding recipients.

The director of the publicity department under the Beijing Local Taxation Bureau, surnamed Song, told the Global Times Thursday that they have not seen the report yet.

Fang Ning, a researcher from the Institute of Political Science under the China Academy of Social Sciences, said the purpose of the audit is to urge authorities to exercise power more strictly. "Authorities may be blamed by higher authorities, and, of course, may be investigated by prosecuting authorities when crimes are found," Fang told the Global Times.



Posted in: Business, Metro Beijing

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