"People’s Republic of China Budget Law"

Standing Committee of the National People's Congress on Amending the "People's Republic of China Budget Law"
(August 31, 2014 by the Standing Committee of the 12th National People's Congress Tenth Meeting)
Twelfth National People's Congress Standing Committee of the Tenth Meeting decided on the "People's Republic of China Budget Law" modified as follows:
First, the first amended as follows: "In order to regulate the behavior of government revenue and expenditure, strengthening budget constraints, strengthening budget management and supervision, establish and improve the overall standard, open and transparent budget system, ensure the healthy development of economy and society, according to the Constitution, Law is enacted. "
Second, be added as Article II: "budget and final accounts preparation, review, approval, monitoring, and implementation and adjustment of the budget, in accordance with the provisions of this Law."
Third, the second to the third, by deleting the second paragraph.
The first paragraph of Article V, paragraph to third paragraphs 2, 3, is amended as: "the national budget from the central budget and local budgets, local budget composed by the provinces, autonomous regions and municipalities directly under the budget total.
"Local general budget at the next level of the total budget of the Budget and summary of the composition; lower level has only the budget, under the budget at a total budget refers to the next level is not under a budget. , referring to the total budget of the budget. "
Fourth, the third shall be changed into Article XII, amended as: "at all levels should follow the balanced budget, thrift and capabilities, principled performance and balance of payments.
"Governments at all levels should establish a multi-year budget balancing mechanism."
Fifth, added as Article IV: "A budget consists of budgetary revenues and expenditures.
"All the government's revenues and expenditures should be included in the budget."
Sixth, be added as a fifth: "The budget includes the general public budget, the government fund budget, the state capital budget, the social insurance fund budget.
"General public budget, the government fund budget, the state capital budget, the social insurance fund budget should maintain the integrity, independence government fund budget, the state-owned capital management budget, Social Insurance Fund budget should dovetail with the general public budget."
Seven, the fourth to sixth and revised as follows: "Is the general public budget with tax revenues as the main arrangements for the protection and improvement of people's livelihood, promote economic and social development, national security, the maintenance of normal state institutions budget and other aspects of the operation.
"Central general public budget includes central departments (including units directly, the same below) of the central budget and local tax rebates on transfer payments budget.
"Central budget revenues include the general public on the solution of the central level revenue and income to the direction of the center of the central general public budget expenditure including central government spending, the central tax rebates and transfer payments to local governments."
Eight, the fifth paragraphs 3 and 4 to VII shall be amended as follows: "the local general public budget including all levels of this stage various departments (including units directly, the same below) the budget and tax rebates, transfers budget.
"Local general budget revenue at all levels of the public, including local level income, higher levels of government at the corresponding level of government tax rebates and transfer payments, income on the solution of lower levels of government. Local general public budget expenditure levels, including the local level expenditure on higher levels of government on the solution of spending on lower levels of government tax rebates and transfer payments. "
Nine, Article 6 shall be changed to Article VIII, revised as follows: "Each department budget by the relevant departments and units budget composition", by deleting the corresponding Article.
Ten, added as Article IX: "The government budget funds is in accordance with laws and administrative regulations within a certain period impose a specific object, charged or otherwise raised funds, earmarked for specific public utilities income support budget.
"The government funds budget should fund projects based on actual income and expenditure needs, according to fund project preparation, so that the fixed income support."
XI, added as Article X: "State-owned capital operating budget is made Budget expenditures for the state-owned capital gains.
"State-owned capital operation budget should be prepared in accordance with the principle of balance of payments, shall not contain deficit and arrange funds transferred to the general public budget."
One article is added as Article XI: "Social Insurance Fund budget for social insurance contributions, general arrangements and other ways to raise funds in public budgets, revenue and expenditure budget earmarked for social insurance.
"Social Insurance Fund budget shall be prepared in accordance with, respectively, and the overall level of social insurance programs, to make ends meet."
XIII, IX will be changed into Article 13 and revised as follows: "People's Congress approved the budget, without due legal process, shall not be adjusted at all levels of government, departments and units of the expenditure must be approved. budget as the basis, can not unbudgeted expenditure. "
XIV is added as Article XIV: "The General Assembly or by the People's Congress at the corresponding level of the people's Congress Standing Committee approved the budget, budget adjustments, accounts, budget performance reports and statements, shall, after the approval of twenty days to the public and the government at the financial sector, and the corresponding level of the governmental transfer payment arrangements, the implementation of important issues and situations like debt borrowed clarification.
"Departmental budget and final accounts and financial statements by the level of government departments approved shall be submitted to the public within 20 days after approval by the department, important issues and departmental budgets, arrange the accounts of bodies operating expenses, such as the use clarification .
"Governments at all levels, departments and units of government procurement should be the case in a timely manner to the public.
"Disclosures former three paragraphs of this section, involving secret except country."
One article is added as Article XVI: "National fiscal transfer payment system of financial transfer payment should be regulated, fair and open, in order to promote inter-regional equalization of basic public services into the main target.
"Financial transfer payment transfers including the central and local transfer payments to local governments at higher levels to lower levels of government, that the balance between the basic financial area, by the lower levels of government co-ordinate arrangements for the use of general transfer payments as the main body.
"According to laws, administrative regulations and the State Council may establish special transfer payments for handling matters specific to establish and improve the special transfer payments regularly assess and exit mechanisms. Matters market competition mechanism can be effectively regulated shall establish special transfer payments.
"Except when higher levels of government transfer payments special arrangements shall be required to bear lower levels of government matching funds. However, according to the State Council shall be borne by the lower levels of government matters."
One article is added as Article 17:. "Levels of budget preparation, execution shall establish and improve mutual restraint, mutual coordination mechanism"
XVII Article 13 is changed to Article 21 second and third paragraphs revised as follows: "The General Assembly or above the county Local People's Congress Standing Committee supervise implementation of the general budget; review and approval of the adjust the program level budgets; review and approve the final accounts level; annul Assembly Government and the next level people's congresses and their standing committees inappropriate decisions on the budget and final accounts, orders and resolutions.
"Review of the people's congresses of townships, nationality townships, and towns and report approves the budget and the level of the budget implementation; supervise the implementation of the budget of the government; examine and approve the adjustment plan for the budget; reviews and approves the final accounts; annul inappropriate decisions and orders of the government on the budget, the accounts. "
One article is added as Article 22: "Financial and Economic Committee of the National People's Congress on the draft central budget for the initial program year on the implementation of the budget, the central budget adjustment plan preliminary draft central and accounts and a preliminary review, preliminary review comments.
"Provinces, autonomous regions, the draft budget for the corresponding levels relevant special committees of the General Assembly and municipalities on behalf of the initial program and budget for the implementation of the previous year, this initial level budget adjustment programs and the draft final accounts preliminary examination, preliminary findings.
"City districts, the draft corresponding levels of budget-related special committees of the Autonomous Region People's Congress preliminary program and budget performance last year, this initial level budget adjustment programs and the draft final accounts preliminary examination, preliminary examination opinions, not the creation of specialized the Committee studied by the General Assembly at the same level people's Congress Standing Committee of the relevant working bodies to comment.
"County, autonomous county, city not divided into districts, the draft budget for the Assembly Standing Committee at the corresponding level municipal district People's Congress preliminary program budget for the implementation of the previous year and a preliminary review of preliminary findings. County, autonomous county, city not divided into districts, Municipal people's Congress Standing Committee of jurisdiction relevant working bodies corresponding levels of budget adjustment programs and the preliminary study of the draft final accounts at the corresponding level comments.
"City divided into districts, or autonomous prefecture relevant special committees of the people's congresses at various levels for preliminary examination, when the Standing Committee of the Organ of the relevant advice, should be invited to the Congress of the people's representatives.
"Opinion pursuant to the fourth paragraph of the first paragraph raised the level of government financial department shall deal with timely feedback.
"To deal with the case in accordance with the fourth paragraph of this Article comments made by the financial sector as well as the level of government feedback reports shall be issued at the same level people's congresses.
"National People's Congress Standing Committee and the provinces, autonomous regions, municipalities, city divided into districts, autonomous prefectures People's Congress Standing Committee of the General Assembly about the work of agencies, in accordance with the standing committee of the people's representatives decided to assist the level People's Congress Financial and Economic Committee or undertake specific work of relevant special committees to review the draft budget, the budget adjustment plan, the draft accounts and supervise the implementation of other aspects of the budget. "
Nine, the Article 15 is changed to Article 24 is added as the third paragraph: "provinces, autonomous regions and municipalities government approval, a township, town draft Budget, budget adjustments, the draft final accounts, you can compile a higher-level government representatives, and in accordance with the provisions of Article 21 of the newspaper township, nationality township people's Congress for review and approval of the town. "
XX will be 17, 18 shall be merged into Article 26, second paragraph.
XXI will be changed to Article XIX Article 27 is amended as: "the general public budget including income tax revenues, administrative fees revenues, state resources (assets) paid use income from transfers and Other income.
"General public budget expenditure classified according to their function, including the general public service expenditure, foreign affairs, public security, national defense spending, agriculture, environmental protection expenditures, education, science and technology, culture, health, sports and spending, social security and employment and other expenditures.
"General Public budget expenditures according to their economic nature categories, including wages and benefits expenditures, expenditures for goods and services, capital expenditures and other expenditures."
XXII, added as Article 28:. "Governmental fund budget, the state capital budget and social insurance fund budget revenue and expenditure range, according to the laws, administrative regulations and the implementation of the State Council"
Xxiii, deleting Article XX.
XXIV will be changed to Article XXI Article 29 is amended as: "division of the central budget and local budgets for revenue and expenditure, the central direction of solution to revenue, central and local tax rebates or transfer payments the specific measures by the State Council and reported to the Standing Committee of the National people's Congress for the record. "
XXV, deleting Article 22.
XXVI, the second paragraph of Article 24 to Article 31.
Article 35 will be changed to the first paragraph of Article 31 and revised as follows: ".. The State Council shall give timely notice of the draft budget for the next year preparing the draft budget prepared by the finance department of the State Council matters specific deployment"
Xxvii, Article 25 will be changed to Article 32 and revised as follows: "Budget at various levels shall, according to the annual economic and social development goals, the general requirements of national macro-control and multi-year balanced budget needs, refer to the previous year budget after the implementation of the performance evaluation results related expenditure and revenue for the current year, in accordance with prescribed procedures to solicit opinions from all sides, be prepared.
"Governments at all levels in accordance with statutory authority to make decisions or formulate administrative measures, involving an increase or decrease revenue or expenditure shall be made before the budget is approved and to make the necessary arrangements in the draft budget.
Budgeting provisions, "all departments and units should be developed in accordance with the financial department of the State Government of classification codes, standards and requirements of budgetary expenditures, and performance management objectives, according to the law and the need to fulfill the functions of the stock of assets and career development, the preparation The draft budget for the unit of the department.
"The aforesaid classification of government revenue and expenditure account, the income is divided into classes, paragraphs, subparagraphs and items; expenditure classified according to their functions divided into categories, subsection, item, classified into categories according to their economic nature, money."
Xxviii, deleting Article 26.
XXIX Article 27 will be changed to Article 34 and revised as follows: "the central part of the funds necessary for the general public budget may be raised in the domestic and foreign loans financing, borrowing debt should be controlled appropriately scale, maintain a reasonable structure.
"Central management of the implementation of the general balance of the public budget borrowed debt, the size of the balance may not exceed the National People's Congress approved limits.
"The finance department specifically responsible for the unified management of the central government debt."
Thirty, the Article 28 to Article 35 and revised as follows: "living within our means in accordance with local budgets at all levels, balance of payments compilation principles, except as otherwise provided in this Act, shall not contain deficit.
"Construction of part of the funds invested by the provinces, autonomous regions, municipalities directly under the State Council approved the budget required, it may be within the limits established by the State Council, the financing of local government bonds issued by debt borrowed way. The size of debt borrowed by the State Council reported or the National people's Congress National people's Congress Standing Committee for approval. provinces, autonomous regions, municipalities directly under the State Council issued in accordance with the borrowing limit debt, included in the budget adjustment programs, newspaper session of the people's Congress Standing Committee for approval. the debt borrowing there should be a repayment plan and a stable source of repayment of funds, only be used for capital expenditures of public welfare and not for recurrent expenditures.
"Notwithstanding the foregoing, the local government and its subordinate departments shall not incur obligations in any way.
"Except otherwise provided by law, the local government and its subordinate departments shall not any units and individuals to provide debt guarantees in any way.
"The establishment of local government debt risk assessment and early warning mechanism of the State Council, emergency response mechanisms and accountability system. Finance department of the State Council on the implementation of the supervision of local government debt."
Xxxi, the Article 29 to Article 36 and revised as follows: "the preparation of the budget at all levels of income, and economic and social development should be compatible with the fiscal policy convergence.
"Governments at all levels, departments and units should be in accordance with the provisions of this Law, all government income will all be included in the budget may not be concealed column."
Xxxii Article 30 will be changed to Article 37 and revised as follows: "budgetary expenditures at various levels shall, in accordance with this Law, classified according to their function and economic nature prepared.
"Preparation of all levels of budgetary expenditures, should implement the principle of diligence and thrift, strict control of all departments, agencies and funds to run the office buildings and other capital expenditures of various units.
"Preparation of budget expenditures at all levels of the general public, it should be balanced, the premise of ensuring basic public services reasonably necessary, giving priority to key expenditures determined by the state."
33 or added as Article 38: "general transfer payments should be basic standards and methods of computation in the State Council in accordance with the special transfer payments should be sub-regional, sub-project preparation.
"Governments at all levels should be above the county level will be lower levels of government transfer payments is expected to release in advance the number of lower levels of government.
"Transfer payments to local governments should be issued in advance of the higher levels of government is expected to be incorporated in the number of level budget."
Thirty - four, will be changed to Article 31 Article 39 is amended as: "the central budget and the relevant local budgets shall arrange the necessary funding to support old revolutionary base areas, ethnic minority areas, border areas and poor areas economic and social construction. "
Xxxv Article 32 will be changed to Article 40 and revised as follows: "General public budgets at various levels shall, according to the general level of public expenditure in the budget a reserve fund set up to three percent, with in the year of budget implementation in natural disasters and other emergencies to handle the increased spending and other unforeseen expenditure. "
XXXVI, the Article 33 to 41 and revised as follows: "General public budgets at all levels in accordance with the provisions of the State Council to set a budget working capital for seasonal balances the level of government transfers within the budget year .
"General public budgets at all levels in accordance with the provisions of the State Council to set a budget stabilization fund for less than the annual budget of the future to make up."
Of 37 will be changed to Article 34 Article 42 is revised as: "The government at all levels of the previous year budget carry-over funds, the expenditure for the next year should be carried over projects; not for two consecutive years carry-over funds spent, should be treated as surplus funds management.
"All departments and units of the previous year budget carryover balance of funds handled in accordance with the provisions of the financial department of the State Council."
Xxxviii Article 36 will be changed to Article 33.
Thirty-ninth, will be changed to Article 37 Article 44 is amended as: "the finance department should be in a four on the 15th annual National People's Congres conference held preliminary draft central budget plan submitted to the National People ' a preliminary review of the financial and economic Committee on behalf of the General Assembly.
"Provinces, autonomous regions and municipalities in the financial sector should be thirty days prior to the present level People's Congress meeting, will be submitted to a preliminary draft of the budget at the program relevant special committees of the people's congress for preliminary examination.
"City divided into districts, autonomous prefectures and government financial departments should the present level in the 30th People's Congress meeting, will be submitted to a preliminary draft program budgets at the same level the relevant special committees of the People's Congress for preliminary examination, or sent to the same level people's Congress Standing Committee of the relevant working bodies for comments.
"County, autonomous county, city not divided into districts, municipal districts in the 30th government should present level People's Congress meeting, the preliminary program of the draft Budget submitted to the standing committee of the People's Congress for preliminary examination."
One article is added as Article 45: "county, autonomous county, city not divided into districts, municipal districts, people's congresses of townships, nationality townships and towns held before the meeting to review the draft budget should be used in various forms, the organizational level people's Congress to listen to the views of the electorate and the community. "
XLI is added as Article 46: "The draft budget submitted to the people's congresses at all levels should be reviewed and approved by the refinement of the general level of public budget expenditure, it should be classified according to their functions to provision items; in its time. economic nature of classification, the basic provision to be spending money. this level of government budget funds, state capital budget, the social insurance fund budget expenditures, should be classified according to their functions to provision items. "
By 42 to Article 38 to Article 47 and revised as follows: "The State Council, when the National People's Congress meeting, report to the congress on the draft central and local budgets and the central and local budget performance .
"Local governments at all levels during the session of the People's Congress meets, to the General Assembly report on the draft general budget and the total budget implementation."
Forty-three, the Article 39 to Article 43, the second paragraph of the "government budget" to "budget."
A 44 is added as Article 48: "Report of the National People's Congress and local people's congresses and their report on the draft budget, the budget focused review of the implementation of the following:
"(A) the previous year budget performance meets the requirements of the people's congresses of the budget resolution;
"(B) budgetary arrangements for compliance with this Act;
"(C) whether the arrangements for implementing the budget of the national economy and social development policies, balance of payments policy is feasible;
"Budgetary arrangements (D) spending and focus on major investment projects if appropriate;
"Preparation (v) the budget is complete, compliance with Article 46 of this Law;
"(Vi) to lower levels of government transfer expenditure budget is standard and appropriate;
"Debt (seven) budgetary arrangements borrowing is legitimate, reasonable, and whether there is a repayment plan to repay a stable source of funding;
"(H) Description and important budget-related matters are clear."
45. Is added as Article 49: "Financial and Economic Committee of the National People's Congress to the National People's Congress of the Bureau presented the results of the review report on the draft central and local budgets and the central and local budget implementation.
"Provinces, autonomous regions, municipalities, city divided into districts, the relevant special committees of the Autonomous Region People's Congress, county, autonomous county, city not divided into districts, municipal districts Standing Committee of People's Congress, the Bureau of the people's congress proposed draft on the total budget and review the results reported last year the total budget implementation.
"Review of the results of the report shall include the following:
"(A) the previous year budget execution and implementation of the budget at the same level People's Congress to evaluate the resolution of the case;
"(Ii) the draft budget for the current year for compliance with this Act, to evaluate the feasibility;
"(Iii) people 's congresses approve the draft budget proposals and budget reports;
"(D) Suggestions and recommendations on the implementation of the annual budget, improve budget management, improve budget performance, strengthen budgetary supervision."
Of 46 will be changed to Article 42 Article 52 is amended as: "all levels of the budget approved by the General Assembly of the people's representatives, the level of government financial department shall reply to the level of each department within 20 days budget departments should receive the level of government in the financial sector after the approval of the department budget to subordinate units approved budget within fifteen days.
"Central place for general transfer payments shall, within 30 days after the National People's Congress issued a formal approval of the budget. Central to the special transfer payments to local approval shall, within ninety days after the National People's Congress issued a formal budget.
"Provinces, autonomous regions, municipalities directly under the central government received a general transfer payments and special transfer payments after, shall, within 30 days of a formal reach of the administrative regions above county levels of government.
"Above the county level to lower levels of government budgetary arrangements at all levels of general transfer payments and special transfer payments, respectively, in thirty days and shall within sixty days of the General Assembly approved the budget of the people's representatives after the official release.
"Transfer payments to natural disasters and other emergencies treatment shall be promptly released budget; divert truly settled and other special items paid installments can be issued a budget, or to be paid after the settlement.
"Government above the county level financial departments at all levels should be at the same level approved budget of various departments and approved by lower levels of government transfer payments to the budget, Cc present level People's Congress Financial and Economic Committee, special committees of the Standing Committee and the relevant working bodies."
47. Article 43 will be changed to Article 53, is added as the second paragraph: "All departments and units of the department, the implementation of the budget of the unit body, responsible for the departments and units budget implementation and be responsible for the implementation of the results. "
Forty-eight, the Article 44 to Article 54 and revised as follows: "After the start of the budget year, the draft budget at or prior to the approval of the General Assembly of the people's representatives can arrange the following expenditures:
"(A) the expenditure carried over a year;
"(B) the reference to the same period of the current year budget expenditures arrange departments must pay basic expenses, project expenses, and lower levels of government transfer expenditure of the previous year;
"(C) the law must fulfill the obligation to pay expenses, and expenses for natural disasters and other emergencies treatment.
"The situation arrangements expenditures, explanations shall be made in the draft report of the budget in accordance with the preceding paragraph.
"After the budget approved by the Assembly of the people's representatives, in accordance with the approved budget execution."
Forty-nine, the Article 45 to Article 55, amended as follows:. "Budget revenue collection departments and units must be in accordance with the provisions of laws and administrative regulations, the timely and full collection of budgetary revenues that ought not violate laws, administrative regulations, levying advance or levy reduction and exemption, deferment budgetary revenues that ought not be trapped, occupy or misappropriate budget revenues.
"Governments at all levels are not allowed to budget revenue collection departments and units assigned revenue target."
Fifty will be changed to Article 46 Article 56 is amended as: "All government revenue should be turned over to the State Treasury (hereinafter referred to as the treasury), any department, unit or individual may withhold or misappropriate or default.
"For the law or as expressly provided by specific funds earmarked by the State Council approved the financial accounts can be set up in accordance with the provisions of the State Council."
Fifty-first, to Article 47 to Article 57, second paragraph is revised as follows:. "Governments at all levels, departments and units must be in accordance with the expenditure budget implementation can not be charged false"
Added as the third paragraph: "The government at all levels, departments and units should carry out the budget expenditure performance evaluation."
Fifty-second, added as Article 58: "all levels of income and expenditure budget implementation cash basis.
"Specific issues related to the implementation of accrual of the case in accordance with the provisions of the State Council shall report to the session of the People's Congress Standing Committee."
Fifty-third, to Article 48 to Article 59, the third paragraph 1 to 5 is amended as: "treasuries at various levels shall, in accordance with relevant state regulations, promptly and accurately budget revenue collection, allocation, leaving Solutions, refunds and disbursement of budget expenditures.
"Dominion treasuries at all levels of government is vested in the financial sector. In addition to laws, administrative regulations, without the consent of the level of government financial department, any department, unit or individual has the right to freeze the use of Treasury funds or otherwise have dominated the treasuries.
"Governments at all levels should strengthen the management and supervision of the Treasury the corresponding levels, improve treasury cash management in accordance with the provisions of the State Council, rationally regulate the balance of treasury funds."
Fifty-fourth, added as Article 60: "has been turned over to the treasury, in accordance with laws, administrative regulations or the State Council of the need to pay back the government financial departments at all levels, or its authorized institutions should be timely refunds matters should be arranged in accordance with the provisions of the expenditure can not be treated with the refunding. "
Fifty-five, added as Article 61: "The state treasury centralized collection and centralized payment system and implement a centralized treasury payment management of all government revenue and expenditure."
Fifty-six, the Article 50 to Article 63 and revised as follows: "The departments and units shall strengthen the management of budgetary revenues and expenditures, budget revenues not intercept or draw should be turned over without changing the budget expenditure purposes. "
Fifty-seven, the Article 52 to Article 65, amended as follows:. "Budget Working Capital Fund and the government at all levels of the financial sector management, shall be used."
Fifty-eight, added as Article 66: "the general public at all levels of implementation of the budget year in surplus revenue can only be used to offset a deficit or supplementary budget stabilization fund.
"Surplus funds at all levels of the general public budgets should complement budget stabilization fund.
"Appears short annual income execution provinces, autonomous regions, municipalities directly under the general public budget, through the budget stabilization fund transferred, etc. can not reduce spending to achieve fiscal balance, provinces, autonomous regions and municipalities reported to the General Assembly or a representative of the people ' the Standing Committee approved for inclusion in the deficit, the financial department of the State Council for the record, and should be in the next year to make up for the budget. "
Fifty-nine, the Article 53 to Article 67 and revised as follows: "local levels of the central budget and the budget of the General Assembly by the local people's congress approved by the National People's Congress approved, appears in execution the following circumstances shall be made budget adjustments:
"(A) the need to increase or decrease the total expenditure budget;
"(B) the need to call in budget stabilization fund;
"(Iii) the need Diaojian focus expenditure of budgetary arrangements;
"(D) the need to increase the amount of debt borrowed."
Sixty, added as Article 68: "In the execution of the budget, governments generally do not develop new revenue increase or spending policies and measures to reduce fiscal revenues do not develop policies and measures; must be made and the need for budget adjustments, arrangements should be made in the budget adjustment programs. "
Sixty-one, the Article 54 to Article 69 and revised as follows:. "In the execution of the budget, all levels of government for budget adjustments must be made, should the budget adjustment program budget adjustments should adjust budget the reason, projects and amounts.
"In the budget execution, due to natural disasters and other unexpected events occur, must be timely to increase the budget expenditure shall be the first mover branched reserve fund; inadequate contingency expenditures, governments at all levels can be arranged spending budget adjustments, the inclusion of budget adjustments.
"Finance department of the State Council held the 30th meeting of the Standing Committee shall review and approve budget adjustments in the National People's Congress, the budget adjustment plan submitted preliminary National People's Congress Financial and Economic Committee for preliminary examination.
"Provinces, autonomous regions and municipalities finance department should be held on the 30th meeting of the Standing Committee to review and approve the budget adjustment programs, the people's representatives in the General Assembly, will be sent to the initial program budget adjustments relevant special committees of the people's congress for preliminary examination.
"City divided into districts, autonomous prefectures and government financial departments should be held on the 30th meeting of the Standing Committee to review and approve the budget adjustment programs, the people's representatives in the General Assembly, will be sent to the initial program budget adjustments relevant special committees of the people's congress for preliminary examination or sent to the same level people's Congress Standing Committee of the relevant working body for comments.
"County, autonomous county, city not divided into districts, municipal districts government financial department shall hold a meeting of the Standing Committee to review and approve budget adjustments in the General Assembly of the people's representatives on the 30th, will adjust the initial program budget to the General Assembly of the people's representatives Standing Committee of the relevant working body for comments.
"Adjustment programs should be brought to the central budget of National People's Congress Standing Committee to review and approve the adjustment program budget levels above the county level should be brought to the Standing Committee examined and approved by the people's representatives; Adjust the township, nationality township or town budget the program should be brought to the same level people's Congress for review and approval without the approval of budget adjustment shall. "
Sixty-two, the Article 55 to Article 70, the first paragraph is revised as follows:. "The approved budget adjustment programs, governments at all levels should strictly implement the procedure laid down in Article 69 of this Law without Governments at all levels shall take a decision on budget adjustments. "
Sixty-three, the Article 56 to Article 71 and revised as follows: "In the execution of the budget, local governments due to higher levels of government to increase the level of government is not required to provide matching funds for special transfer payments arising changes in budget expenditures, budget adjustments do not belong.
"Accept special transfer payments increase local governments above the county level shall report the situation to the Standing Committee of the Assembly of the people's representatives; special transfer payments increased acceptance of a township, the town government should report to the General Assembly of the people's representatives . "
Sixty-four, the Article 57 to Article 72, amended as follows:. "The budgetary expenditure of each unit shall be implemented in accordance with the strict control of the budget items under different budget items, budget or budget levels between projects transfers of funds, and where transfers, in accordance with the provisions of the financial department of the State Council to handle. "
Sixty-five, the Article 60 to Article 75, amend as follows: "The draft final accounts must conform to laws and administrative regulations, so that the real income and expenditure, the amount of accurate, complete in contents and issued on time.
"The draft final accounts should correspond to the budget, the budget number, the number of budget adjustments, the number of accounts listed separately. General public budget expenditures should be classified according to their functions to provision items, classified according to their economic nature of provision to the section."
Sixty-six, the Article 62 to Article 77, first paragraph, second paragraph is revised as follows: "the finance department prepared the draft central final accounts, audited by the audit department of the State Council, the State Council for approval by the State Council He drew the Standing Committee of National people's Congress for review and approval.
"Local governments above the county level financial departments at all levels shall compile the draft final accounts by the level of government audit department audited, reported to the government approval, and the government at this stage to draw the Standing Committee of People's Congress for review and approval."
One article is added as Article 78: "financial department of the State Council shall be held at the Standing Committee of the 30th National People's Congress to review the draft final accounts and central meeting approved the draft will be submitted to central accounts of the previous year National People's Congress financial and economic Committee of the General Assembly a preliminary examination.