SIP convened a work conference on public finance on Mar 14, looking back on the local fiscal management last year and making deployment for future work.

Guo Gang, director of SIP Finance Bureau, made a work report at the event, while representatives from the office of SIP Administrative Committee and SIP Tax Bureau talked about their work and future plans.

It is revealed that SIP saw a general public budget revenue of RMB 35 billion last year, with an increase of RMB 3.22 billion (up 10.1% year-on-year), and the tax revenue, totaling RMB 32.95 billion, accounted for 94.2%. In addition, SIP took a series of actions last year to improve public fund management for the benefit of local enterprises and residents.

Ding Lixin, director of SIP Administrative Committee, delivered a speech at the event, urging related authorities to adopt more scientific and innovative measures to optimize allocation and management of public fiscal resources.