Revised on 20 18.
The Budget Law of the People's Republic of China is a law formulated in accordance with the Constitution to regulate government revenue and expenditure, strengthen budget constraints, strengthen budget management and supervision, establish and improve a comprehensive, standardized, open and transparent budget system, and ensure healthy economic and social development. 1 adopted at the second session of the Eighth National People's Congress on March 22nd, 1994, 1995,1,and implemented.
After four deliberations, the 10th meeting of the Standing Committee of the 12th NPC passed the Decision of the NPC Standing Committee on Amending the Budget Law on August 3, 20041,which came into effect on August 3, 200615. At this point, the budget law was finally revised for the first time after 20 years.
The latest version is revised according to the Decision on Amending the Product Quality Law of People's Republic of China (PRC) and other five laws of the Seventh Session of the 13th NPC Standing Committee on February 29, 20 18, and shall come into force as of the date of promulgation.
Concept and nature of national budget management system
The national budget management system is the basic system to deal with the financial relationship between the central finance and local finance and local finance at all levels. Budget management system is the core part of financial management system, which is called narrow financial management system. Its essence is to solve the problem of dividing the control and management rights of budget funds between the central and provincial (city, autonomous region, the same below) levels and local governments at all levels. That is to deal with the relationship between the central and local governments in the allocation of budget funds and the centralization and decentralization of budget management.
As can be seen from the above, the current Budget Law of the People's Republic of China was revised in 20 18.
Legal basis:
Budget Law of the People's Republic of China
first
In order to standardize the government's revenue and expenditure behavior, strengthen budget constraints, strengthen budget management and supervision, establish and improve a comprehensive, standardized, open and transparent budget system, and ensure the healthy development of the economy and society, this Law is formulated in accordance with the Constitution.
second
The preparation, examination, approval and supervision of budgets and final accounts, as well as the implementation and adjustment of budgets, shall be carried out in accordance with the provisions of this Law.
essay
The state implements the first-level government budget and establishes five-level budgets for the central government, provinces, autonomous regions, municipalities directly under the Central Government, cities divided into districts, autonomous prefectures, counties, autonomous counties, cities not divided into districts, municipal districts, townships, nationality townships and towns.
The national budget consists of the central budget and local budgets. The local budget consists of the total budgets of all provinces, autonomous regions and municipalities directly under the Central Government.
Local budgets at all levels are composed of budgets at the same level and summary budgets at the next level; If there is only a lower-level budget, the lower-level total budget refers to the lower-level budget. If there is no budget at the next level, the total budget refers to the budget at the same level.