According to Article 3 of the Budget Law of the People's Republic of China, the state implements the first-level government budget and establishes five-level budgets for the central government, provinces, autonomous regions, municipalities directly under the Central Government, cities divided into districts, autonomous prefectures, counties, autonomous counties, cities not divided into districts, municipal districts, townships, nationality townships and towns.

The national budget consists of the central budget and local budgets. The local budget consists of the total budgets of all provinces, autonomous regions and municipalities directly under the Central Government. Local budgets at all levels are composed of budgets at the same level and summary budgets at the next level; If there is only a lower-level budget, the lower-level total budget refers to the lower-level budget. If there is no budget at the next level, the total budget refers to the budget at the same level.

Extended data:

The relevant requirements of the national budget stipulate that:

1, the social insurance fund budget is the funds raised through social insurance payment, general public budget arrangement, etc., and is specially used for the budget of social insurance revenue and expenditure. The budget of the social insurance fund shall be compiled separately according to the overall level and social insurance items, so as to achieve a balance of payments.

2, the budget approved by the people's Congress, without legal procedures, shall not be adjusted. The expenditures of governments at all levels, departments and units must be based on the approved budget, and those not included in the budget shall not be spent.

3. The departmental budgets, final accounts and statements approved by the financial department of the government at the corresponding level shall be made public within 20 days after approval, and important matters such as the arrangement and use of the operating funds of the organs in the departmental budgets and final accounts shall be explained.

Baidu Encyclopedia-China People's Budget Law