Brief Introduction

The data in this chapter present the government revenue and expenditure situation, including three categories of revenue and expenditures: state general public budget revenue and expenditure, government funds, and operation of state-owned assets. The data are based on final State accounts from the Ministry of Finance.

The State General Public Budget refers to the budget of revenues and expenditures that the revenue mainly in a form of taxes are arranged to assure and improve the people’s life, to promote economic and social development and safeguard national security, to maintain the regular operation of the government. The government budget funds refer to the budget revenue and expenditure that the funds are collected, charged or in other form to specific objects in accordance with laws and administrative regulations within a certain period, that are earmarked for the specific public development. The state-owned capital management budget refers to the budget for the expenditure of state-owned capital.

The final financial accounts include the final financial budget and the final accounts of department. Final fiscal accounts refers to the consolidated statements that are budgeted by all levels of government in accordance with the provisions of law and legal procedures, approved by the Standing Committee of the people's Congress (Township People's Congress), reflecting the annual budget execution results at all levels of government, it is the final result of government budget execution. The final accounts of department are a comprehensive document reflecting the annual budget implementation results of each department, budgeted by departments in accordance with the law and regulations, and are composed of the final accounts of each department, the final accounts at the same level and the budget units under their respective budgets. The national financial accounts are composed of the central financial budget at the corresponding level and the final accounts of the local governments. financial accounts of provinces (autonomous regions and municipalities) level, and subordinate prefectures and counties (cities) aggregated into financial accounts of  provinces (autonomous regions and municipalities); financial accounts of provinces (autonomous regions and municipalities) aggregated into local financial accounts.

In order to ensure the consistency in the coverage of the final accounts, the Ministry of Finance works out and issues the forms for the financial final account for the provinces, autonomous regions and municipalities directly under the Central Government and the forms for the final accounts for the departments at the central level. The financial departments at various regions and levels and the Central Government departments would also work out and issue the forms for the final accounts in the light of the specific departmental conditions to the departments or units at the lower level. The data for the final accounts are filled out in accordance with the data in the account books of the total budget or unit budget.