The central budget dominates the national budget.

Legal basis:

Article 1 of the "Budget Law of the People's Republic of China" In order to regulate government revenue and expenditure behavior, strengthen budget constraints, and strengthen the management and supervision of budgets, This law is formulated in accordance with the Constitution to establish and improve a comprehensive, standardized, open and transparent budget system to ensure the healthy development of the economy and society.

The budget includes general public budget, government fund budget, state-owned capital operation budget, and social insurance fund budget. The general public budget, government fund budget, state-owned capital operation budget, and social insurance fund budget should remain complete and independent. Government fund budgets, state-owned capital operation budgets, and social insurance fund budgets should be connected with the general public budget.

The general public budget is fiscal revenue with taxation as the main body, which is used to protect and improve people's livelihood, promote economic and social development, safeguard national security, and maintain the normal operation of national institutions. Budget.

The central government's general public budget includes the budgets of central departments (including directly affiliated units, the same below) and the central government's budget for tax refunds and transfer payments to local governments. The central government's general public budget revenue includes revenue from the central government at its own level and revenue transferred from local governments to the central government.

Introduction to the central budget:

The central fiscal budget, often called the central budget, is prepared by the State Council. The preparation, review, approval, supervision, and implementation and adjustment of budgets must be in accordance with the Budget Law of the People's Republic of China.

The central fiscal budget is a national-level budget. It is mainly responsible for the expenditures required for national security, diplomacy and the operation of central state agencies, adjusting the national economic structure, coordinating regional development, implementing macro-control and expenditures required by the central government. Directly managed business development expenditures.

Specifically, it includes defense expenditures, armed police expenditures, diplomacy and foreign aid expenditures, central-level administrative expenses, capital construction investment under the central government, technological transformation and new product trial production expenses for enterprises directly under the central government, and geological exploration expenses. Expenditures arranged by the central government to support agriculture.

Domestic and foreign debt principal and interest payments borne by the central government, as well as public security and law expenditures and cultural, education, health, science and other business expenses borne by the central government.