The comparison of the old and new financial rules for public institutions in 2022 is as follows: On January 7, 2022, the Ministry of Finance issued the revised "Financial Rules for Public Institutions" (Ministry of Finance Order No. 108, hereinafter referred to as the "Rules"), which revised the original "Rules" (Ministry of Finance)

Order No. 68 (hereinafter referred to as Order No. 68) has been revised and will be implemented from March 1, 2022.

Since the "Financial Rules for Public Institutions" were promulgated and implemented in 1996, they have been revised twice and revised once. The Ministry of Finance Order No. 68 in 2012 revised it for the first time. The Ministry of Finance Order No. 90 in 2017 "Revision of the Ministry of Finance

Accountant Registration Measures > Decisions on 6 other regulations were revised.

2022 is the second revision.

The revision of the "Rules" actively implements the relevant arrangements of the Party Central Committee on strengthening financial and accounting supervision, reflects the new provisions of fiscal laws and regulations and the new achievements of fiscal-related reform and development, and connects the reform of the government's comprehensive financial reporting system and the new requirements of the government accounting standards system.

It plays a positive role in improving the financial system of public institutions, standardizing the financial behavior of public institutions, and ensuring the healthy development of public institutions.

The revised "Rules", Chapter 12 and 71 Articles, have been revised in four aspects compared to the 2017 revised "Rules": First, it reflects the new spirit of budget management reform.

In Articles 4 and 15, it is clearly proposed to comprehensively implement performance management and improve the efficiency of fund use.

Article 11 Newly added provisions on budget adjustments clarify that during budget execution, the state generally does not make adjustments to the budget of fiscal subsidy revenue and fiscal account management funds. If adjustments are indeed necessary, the public institutions shall report to the competent department for review and then report to the financial department.

Adjustment; Article 18 stipulates that new revenue that is not included in the budget shall not be allocated expenditures.

The second is to reflect the new requirements of the government's comprehensive financial reporting system.

Modify Chapter 10 from financial report to financial report and final accounts report, and add new provisions such as the definition and composition of financial reports and final accounts reports.

The relevant provisions and attachments of the annual financial report, financial statement, financial analysis, etc. are deleted, and provisions on the implementation of cost accounting by public institutions are added to Article 25, requiring public institutions to strengthen economic accounting, which can be based on the conduct of business activities and

Cost accounting is implemented based on the actual needs of other activities.

The third is to meet the new requirements of state-owned assets management.

In Chapter 7 Asset Management, it is connected with the "Regulations on the Management of Administrative State-owned Assets", adding the establishment of state-owned asset ledgers, the compilation of reports on the management of administrative state-owned assets, regular inventory of assets, timely registration of asset ownership, utilization

Procedural requirements for foreign investment of state-owned assets and the content of write-off of monetary asset losses.

The fourth is to connect with the government accounting standards system.

Article 6 of the General Provisions has added the overall requirement that all economic business matters of public institutions be accounted for in accordance with the unified national accounting system; the relevant provisions of "Public Institution Funds" in the old "Rules" have been deleted, and Chapter 6 Fund Management has been revised.

For dedicated fund management.

It is stipulated that special funds include employee welfare funds and other special funds, and relevant provisions on "repair and purchase funds" are cancelled; in Article 37, public infrastructure, government reserve materials, cultural relics and cultural assets, and affordable housing are included in public institutions.

assets, etc.