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Final Accounts Table of Revenue in 2018 National General Public Budget

Updated: Jul 19, 2019 mof.gov.cn Print
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Notes:

1. The Difference between Revenue and Expenditure of National General Public Budget = Total Expenditure (Expenditure of National General Public Budget + Funds used to replenish the Budget Stabilization Fund) – Total Revenue (Revenue of National General Public Budget + Funds transferred from Other Sources and Utilized Carryover and Surplus Funds)

2. The Funds transferred from Other Sources and Utilized Carryover and Surplus Funds are establishedby central and local governments with the aimofbuilding a cross-year budget balance system, strengtheningcoordinated funds utilization and puttingthe stock of funds to good use. It includes funds transferred from the budget stabilization funds, budgets of government-managed funds,funds for the budgets of state capital operations, as well as carryover and surplus funds used by local governments from previous years. Under current regulations, local governments’ utilized carryover and surplus funds are not listed as budgetexpenditure of the current year, but will be listed as such in the year when actual expenditure occurs. In 2018, thanks to the central and local governments’ intensified efforts, the Funds transferred from Other Sources andUtilized Carryover and Surplus Funds have registered a remarkable increase.

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