Auditors tighten grip on govt spending

From July to the end of October, auditors saved nearly 40 billion yuan ($6.6 billion) in public funds that were prone to waste or embezzlement, the National Audit Office said on Friday.

By the end of October, government departments, publicly funded organizations and State-owned enterprises with irregular fiscal operations had corrected misconduct involving about 358 billion yuan, the office said in a statement published on its website.

The office submitted its annual audit report of government departments' fiscal performance in 2012 to top lawmakers in June.