Balance Or Carry Over

finance

Revenue and expenditure balance, there is a balance of 118 billion 794 million yuan or carry over.

The main reasons are: first, the central government overtook much in 2004, and the vast majority of the overdraft was used to subsidize the local government. However, the overdue revenue could not be accurately predicted until the end of the year, and its use should be strictly examined and approved according to the procedures. Therefore, a considerable portion of the overdraft funds should be reached at the end of 2004 and settlement, including the return of the local government's export tax rebates, the settlement of grain deforestation and grain defray, and the increase in general pfer payments, education and social security expenditures, about 63 billion 300 million yuan.

Two, according to the needs of macroeconomic regulation and control, in 2004 budget implementation, we strictly controlled the progress of funds allocation for national debt projects, subsidized the local treasury bonds project funds to carry forward about 20 billion yuan, and another 22 billion 300 million yuan subsidy local treasury bonds project funds were appropriated in December 2004.

Since the funds were not appropriated or appropriated late, local finance could not be paid in 2004 to form a balance.

Three, in 2004, local finance was overcharged, and some of the funds were not paid out.

Reform of export tax rebate mechanism: export tax rebates refer to the policy of refund of value-added tax and consumption tax already levied on domestic exports.

Since January 1, 2004, the reform of the export tax rebate mechanism has been carried out. The main contents are as follows: in accordance with the principle of "new accounts are not owed, old debts should be repaid, the mechanism is improved, the burden should be shared, the reform and development should be promoted", the export tax rebate rate should be appropriately reduced, the central government's support for export tax rebate will be increased, a new mechanism for the central and local governments to jointly bear the export tax rebate, a reform of the foreign trade system and the adjustment of the export product structure shall be established, and the accumulated tax refund shall be borne by the central government.

Increase and overcharge: income increase refers to the increase in revenue from the budget execution.

Excess revenue refers to the revenue from the budget execution exceeding the budgetary arrangement.

Treasury bond project funds refer to the special funds of the central government since 1998 for the purpose of expanding domestic demand, adjusting the structure, strengthening macroeconomic regulation and control, and expanding the national budget for infrastructure construction. These funds are raised through issuing bonds.

Treasury bonds are issued on behalf of local governments: according to the budget law of the People's Republic of China, local governments shall not issue local government bonds.

In order to support local economic construction, since 1998, the central government has pferred some of the new Treasury bond project funds to the local government for the purpose of establishing the national treasury bond fund construction project, which is paid back and paid by local governments, and is not included in the central budget, nor does it deal with fiscal deficits.