Budgetary Surplus

The difference between the budgetary revenue and expenditure at all levels is the one of the three balances of finance.

Net assets belonging to the financial departments at all levels.

Budget balance should be calculated once a year.

At the end of the year, the Department of finance will write off the general budget revenue, subsidy income (general budget first aid), income from the upper solution, and pfer of funds, etc., and write off the corresponding budgets, budgetary expenditures, subsidies (general budgetary subsidies) and upward solution expenses.

The budget surplus at the end of the year plus the year-end budget balance was the balance of the budget at the end of this year.

The accounting system of the general budget of the Ministry of Finance promulgated in June 1997 by the Ministry of Finance sets up a budget balance account to calculate the budgetary surplus.

The term credit balance of general budgetary revenue, subsidized income - General Budget subsidy, upper income income and pfer funds will be pferred to the credit of the "budget surplus" subject, that is, to debit "general budgetary income" and "pfer funds" and so on. Credit balance should be credited. The final debit balance of the "general budget expenditure", the subsidy (general budget allowance) and the upward solution expenses will be pferred to the debtor of the "budget surplus" subject, that is, to debit "budgetary surplus" subject, and to credit "general budgetary expenditure", "subsidized expenditure - General Budget subsidy" and "upward solution expenditure" and other subjects. At the end of the year, the finance department should take the whole year into account.

With the approval of the government at the same level, when the budget turnover fund is set up or supplemented from the budgetary surplus of the government at the same level, the subject of "budget surplus" shall be debited according to the amount set or supplemented, and the subject of "budgetary revolving fund" shall be credited.

The year-end credit balance of the "budget surplus" subjects reflects the current budget surplus (including the outstanding securities) and pferred to the next year.