According to its economic nature, general public budget expenditures are divided into four categories, namely, wages and welfare expenditures, goods and services expenditures, capital expenditures and other expenditures.

In China, the budgets of local governments at all levels include general public budget, government fund budget, state-owned capital operation budget and social insurance fund budget, among which the first three accounts can be interconnected by means of balance carry-over and transfer payment. In terms of quantity, general public budget and government fund budget constitute the main body of local financial resources.

General public budget

General public budget is used to protect and improve people's livelihood, promote economic and social development, safeguard national security and maintain the normal operation of state institutions.

Government fund budget

Government fund budget refers to the revenue and expenditure budget that is collected, collected or raised by other means from specific objects in a certain period of time in accordance with the provisions of laws and administrative regulations, and is specially used for the development of specific public utilities.

The budget of government funds shall be compiled according to the income and actual expenditure of fund projects to ensure the fixed income. Similar to the general public * * * budget, the government fund budget also has provincial/provincial level and city/city level, and the specific differences are consistent with those described in the general public * * * budget.

From the perspective of income, the budgetary income of government funds can be divided into three categories: non-tax income, debt income and transfer income.