BEIJING - The State Council, or China's Cabinet, on Wednesday pledged to increase both the depth and scope of Party and government financial information that is released to the public in a bid to enhance transparency.

"The openness of financial budgets still falls short of people's expectations as some departments lag behind in making their budgets public and some information released is not detailed enough," read a statement released after a regular meeting of the State Council.

The statement urged Party and government departments to manage their funds in accordance with the law, make their financial information public in more areas and provide more details in released content, especially in regards to using funds for overseas trips, vehicle purchases and official receptions.