What does government fund income mean?

Government fund income is the income obtained by the state through collecting from the society, transferring land and issuing lottery tickets. Government funds refer to financial funds with specific purposes collected by enterprises on behalf of the government in accordance with laws, administrative regulations and other relevant provisions. Government funds refer to non-tax revenues with specific purposes that are approved by the people's governments at all levels and their subordinate departments in accordance with the prescribed procedures and collected free of charge from specific groups according to law.

1. What are the categories of government fund income?

According to the different centralized income, government fund income can be divided into central government fund income and local government fund income; Income from central government funds is returned to the central finance, and income from local government funds is returned to local finance.

Two, which government funds can be used to repay the principal and interest of special bonds?

According to the provisions of FB No.201789, the debt service of local government special bond construction projects should be the government fund income or the special income generated by the project itself that can completely cover the debt service. Special bond projects are mainly financed by local governments, and the management and use right of government fund income used to repay special bonds should belong to local governments. Therefore, there is a premise to judge whether the government fund income can be used for special bond repayment-it should be the local government fund income, and the project can.

According to the list of government funds in 2020 published by the Chinese government website, it can be concluded that the funds that can be included in the local government treasury mainly include: vehicle traffic surcharge for high-grade roads (Hainan), supporting fees for urban infrastructure, local education surcharge, late resettlement support funds for local reservoirs (provincial large and medium-sized reservoir funds and small reservoir resettlement subsidy funds), employment security fund for the disabled, port construction fees, national major water conservancy project construction funds, water conservancy construction funds, rural network repayment funds, and so on.

legal ground

Decision on strengthening the management of extra-budgetary funds

Two, part of the extra budgetary funds into the financial budget management.

All localities and departments should conscientiously implement the Notice of the General Office of the Central Committee and the General Office of the State Council on Forwarding the Provisions of the Ministry of Finance on the Budget Management of Administrative Charges and Confiscated Income (No.[1993] 19), and incorporate 83 items of administrative charges already stipulated by the Ministry of Finance into the financial budget.

From 196, a large amount of 13 government funds, such as road maintenance fees, vehicle purchase surcharges, railway construction funds, electric power construction funds, Three Gorges Project construction funds, new vegetable field development funds, highway construction funds, civil aviation infrastructure construction funds, rural education surcharges, post and telecommunications surcharges, port construction fees, local telephone installation fees, and civil aviation airport management and construction fees, will be included. Fund (fee) income should be turned over to the central treasury or local treasury in time according to the current system. If it is planned to be used by the competent department and allocated by the financial department according to the regulations, it belongs to the basic construction purpose. The financial department arranges expenditures according to the project plan approved by the planning department, implements the management of two lines of revenue and expenditure, and strengthens financial and auditing supervision. The income and expenditure of the fund (fee) shall be reflected separately in the budget, and shall be used for special purposes according to the regulations, and shall not be used for other purposes, nor shall the budget be balanced. Specific administrative measures shall be formulated by the Ministry of Finance in conjunction with relevant departments.

All kinds of tax surcharges collected by local financial departments according to state regulations are uniformly included in the local financial budget from 1996, which is regarded as the fixed income of local finance and no longer managed as extra-budgetary funds.

In the future, we should actively create conditions to gradually include extra-budgetary funds that should be included in the financial budget management.