Public finance stories from Asia Pacific you might have missed this week.

Japan averts 'fiscal cliff' as it passes financing Bill

Japan's lawmakers have approved a crucial Bill that will ensure that the government does not run out of money at the end of this month (BBC).

Chinese president calls for stricter supervision of government budget

China is expected to tighten its management of the government’s budget after President Hu Jintao called for stricter supervision from the National People’s Congress, experts said (China Daily).

Indian government ‘may struggle to meet fiscal deficit target'

India will struggle to meet its already swollen deficit target this year after a dismal response to this week's auction of mobile phone licences and a battle to sell stakes in state companies, finance ministry officials privately concede (Economic Times).

Budget deficit an option for Australia: IMF

The International Monetary Fund says abandoning a budget surplus this financial year is an option for the Gillard government if the economy worsens significantly (Sydney Morning Herald).

China's fiscal spending growth eases to 6.7%

China's fiscal spending rose by 6.7% in October from a year earlier, the Ministry of Finance said on Wednesday, pulling back from September's 16.6% growth, but still led by strong growth in education expenditure (Reuters).