Entrusted by the State Council, Mr Liu Jiayi, Auditor General of National Audit Office of China (CNAO),presented an annual Report on the Implementation of the Central Government Budget and other Financial Revenues and Expenditures to the Standing Committee of the National People's Congress (NPC) on 24th June, 2014.

The CNAO acknowledged the effective implementation of the central budget.

However, it also pointed out a number of loopholes concerning budget implementation and management of the central treasury. Auditors discovered vague categorizing and confusing definition in the central budget and inefficient arrangement of the revenue. Also, malpractice was found in the allocation of government money. Auditors uncovered 1.86 billion yuan of central funds that were falsely claimed by local governments or embezzled by officials.