A round-up of recent public finance stories from the Asia Pacific region you might have missed.

South Korea in rush to pass Budget 2014 to avert stunting recovery

South Korean lawmakers find themselves again in a last-minute rush to pass the government's 2014 spending bill to avoid stunting an economic recovery that is finally gathering steam. (The Star online)

China central bank boosts liquidity

China's central bank, the People's Bank of China, has injected fresh funds into financial markets to help allay concerns of a cash squeeze. (BBC)

Abbott takes the axes to spending on the environment

Australian government action to scrap the nation’s carbon tax – but keep income tax cuts and pension increases that were embedded in the original Clean Energy Future package – is expected to cost the budget about $7.4bn. (The Australian)

Sri Lanka: Austerity spending measures amidst budgetary discrepancies

Sri Lanka is set to curtail public spending in the face of declining revenue on a year-on-year basis, official sources have revealed. (The Sunday Times)

India: Cabinet approves new system to track fund under government schemes

The Indian government has approved the central plan scheme monitoring system, which aims to set up an online financial management information and decision support system for tracking of funds released under government programmes. (The Economic Times)