The meeting also required the issuing of a regulation regarding timely payments to small and medium-sized enterprises. Governments at all levels must tighten their belts, practice frugality and live within their means. No government-invested project without solid funding will be approved. Irregularities such as implementing projects outside the budget plan, starting construction before getting approval, or asking construction entities to make advance payments, will be seriously dealt with.

"We must establish a long-term mechanism to prevent arrears by government departments and SOEs. New government officials must not disavow obligations undertaken by their predecessors. All undisputed arrears must be paid off by the end of this year," Li said.

【国内英语资讯:Govt departments, SOEs to meet overdue payments to smaller private companies as much as po】相关文章：

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