What is the meaning of budgeting is described as follows:
Budgeting refers to the formulation of the budget revenue and expenditure plan, determination and its organizational process. It includes: (1)? The generation of the unit budget. (2) The budget covers the scope of operations. (3) Aggregation to form the draft general budget at all levels. (4) Compilation of the state budget. The above four areas of activity through the bottom-up and top-down "two up, two down", so that the grass-roots proposals can be converged on the central government, the central government policy implemented at the grass-roots level, the entire budgeting activities are coordinated and unified.
Principles
1, adhere to the principle of keeping expenditure within the limits of revenues and "one to eat, two to build". According to the income and financial possibilities to arrange the budget, so as to live within its means, balance of income and expenditure.
2, adhere to the principle of seeking truth from facts. Effectively achieve the income and expenditure plan positively and steadily, to put an end to the phenomenon of concealment and misreporting.
3, adhere to the principle of integrated budget. The implementation of the budget and internal and external funding arrangements.
4, adhere to the principle of departmental budget. Departmental budget as a unit of the total budget, is to cover all the funds of the unit's income and expenditure budget, including both the level of the budget and its subordinate units budget, including both the normal funding budget and special funding budget.
5, adhere to the principle of zero-based budget. Personnel expenses are approved according to the standard, public funds are approved according to the fixed amount of departmental classification and grading, and business development and construction projects are prioritized according to the priorities.
6, adhere to the general principle of not adjusting the budget. After the departmental expenditure budget is determined, in addition to sudden events and policy factors increase the essential expenses, and by the financial audit and reported to the Municipal People's Congress for approval to adjust the budget, other expenditure items will not be added to the current year's finances, always in the preparation of the next year's budget considerations.
Procedures
Departmental budgeting implementation of the "two up and two down", i.e., bottom-up, top-down procedures.
1. The budgeting process is regularly laid out by Finance to each department each year, specifying matters related to budgeting.
2. Each department submits the proposed plan for the departmental revenue and expenditure budget (including the budget of the basic units) to the financial authorities within a specified period of time.
3, the competent financial department according to the nature of the funds (capital construction, science and technology, three fees, retirement funds, public medical funds, housing funds, case fees, sewage, water resources, urban maintenance fees and other special expenses), the departmental budget proposal plan will be sent to the business sector for preliminary examination; business sector validation, reported to the competent department for the unified preparation of the departmental budget.
4. The financial department will summarize the budget of the sub-budget subjects and sub-departments to the competent government for comprehensive balance.
5. After the budget is balanced by the government, the finance department issues the total amount of revenue and expenditure budget control to each department.
6, within the specified time each department (including the basic unit budget) will be adjusted budget plan to the financial sector.
7, finance will summarize the proposed budget plan to the government, the party committee for finalization, the formation of the government budget draft submitted to the People's Congress for consideration. The budget approved by the people's congress by the finance to the departments (including the budget of the basic units) approved and issued.
Standard
Unit budget consists of revenue budget and expenditure budget, the implementation of the "large income and expenditure" of the total budget revenue and expenditure control system.
1. Revenue Budget
(1) The budgeted revenue is prepared by the finance department according to the level of socio-economic growth and the annual GDP target.
(2) Extra-budgetary revenue budget is measured by each department based on the unit's operational workload for the following year, fee items and standards, and the actual increase or decrease factors.
(3) Operating income is measured on the basis of the operating targets for the following year determined at the end of the year.
(4) Other types of funds (e.g., confiscated revenues, donated revenues, current revenues, etc.) are measured based on empirical data from previous years.
2. Expenditure Budget
(1) Personnel funds are measured according to the number of actual incumbents in the establishment and the wages determined by the state, allowances, subsidies standards introduced by the provinces and municipalities and the amount of bonuses.
(2) Official expenses, based on the unit to maintain the normal operation of the necessary costs measured in real terms.
(3) Operating expenses and equipment purchase costs, based on the unit's business characteristics, measured and compiled according to the business projects planned at the beginning of the year.
(4) meeting costs, according to the unit meeting plan, according to the number of meetings, scale, number of people, the number of days measured.
(5) repair and infrastructure costs, according to the plan approved by the relevant departments, measured according to the progress of the project, the beginning of the year is not included as an alternative to the project, according to the actual implementation of the mid-year study of priorities.