Full text: Report on China's central, local budgets(29)

4. Striving to Increase Revenue and Reduce Expenditure

On the basis of implementing and refining structural tax cut policies, we will strengthen revenue collection and supervision in accordance with the law, resolutely stop and rectify unauthorized tax cuts and exemptions, crack down hard on tax evasion and fraud, and strive to ensure that all taxes due are collected. We will guarantee funding for key expenditure items; strictly control regular expenditures and spending on official overseas trips, official vehicles, and official hospitality; tightly regulate forums, symposiums, celebrations, and other activities as well as the construction of office buildings and other facilities for Party and government agencies; and work earnestly to lower administrative costs. We will encourage Party and government agencies to foster a conservation culture. We will practice thrift in everything we do, observe strict financial and economic discipline, economize wherever possible, and firmly oppose extravagance and waste.

Fellow Deputies,

It is vital that we successfully implement the 2012 budgets. Under the leadership of the Party Central Committee with Comrade Hu Jintao as General Secretary, we will hold high the great banner of socialism with Chinese characteristics, follow the guidance of Deng Xiaoping Theory and the important thought of Three Represents, thoroughly apply the Scientific Outlook on Development, willingly accept the oversight of the NPC, and listen to comments and suggestions from the CPPCC National Committee with an open mind. We will work diligently and break new ground to ensure complete implementation of the budgets, so we can make positive contributions to achieving all the targets for economic and social development in 2012 and welcome with proud achievements the coming Eighteenth National Congress of the CPC.