In a move to enhance transparency and accountability, Beijing has revamped its approach to public expenditure. Li Hengdi, a deputy to the Beijing Municipal People's Congress, plays a pivotal role in this transformation.
Traditionally, public spending in Beijing underwent post hoc performance evaluations, assessing the effectiveness of projects after their completion. However, since 2011, the city has shifted to a pre-performance evaluation system. This means that any new project with a budget exceeding 8 million yuan (approximately $1.1 million) is scrutinized before implementation.
At a recent budget meeting convened by the city's financial bureau, Li Hengdi emphasized the importance of this proactive approach. Deputies like him are entrusted with the responsibility of reviewing proposed budgets, ensuring that funds are allocated efficiently and projects are aligned with the city's strategic goals.
The pre-performance evaluation process involves a comprehensive analysis of project proposals, assessing their feasibility, potential impact, and alignment with public interests. This method not only safeguards public finances but also fosters a culture of accountability among project managers and stakeholders.
For those interested in a deeper understanding of this system, the documentary From Village Hall to Great Hall – How Whole-process People's Democracy Works provides an insightful exploration of the roles and responsibilities of People's Congress deputies in maintaining financial integrity.
Reference(s):
cgtn.com
