What is government fund income?

Mondo Finance Updated on 2024-01-28

Income refers to the funds with special purposes levied from citizens, legal persons and other organizations by the people at all levels and their subordinate departments in accordance with the provisions of laws, state administrative regulations, the Communist Party of China and relevant documents, in order to support the development of a certain cause and approved in accordance with the procedures prescribed by the state.

What is Sex Income.

1. Characteristics of **sexual** income.

Mandatory: ** income is levied in accordance with the provisions of laws, national administrative regulations and the Communist Party of China and relevant documents, and has a certain degree of compulsion.

Gratuitous: Income is levied on citizens, legal persons and other organizations, not for profit, and has the characteristics of gratuitous.

Specificity: Income is used to support the development of a certain cause, with the characteristics of special purposes, and shall not be misappropriated at will.

2. Types of Sexual Income.

Rural Grid Loan Repayment Fund: refers to the special fund levied by the National Energy Administration on the repayment of loans from the relevant power generation enterprises in accordance with the Administrative Measures for the Raising and Use of Rural Grid Loan Repayment Funds approved by the National Energy Administration.

Electric power construction**: refers to the power construction established in the decision on further reforming the electric power system jointly issued by the State Planning Commission, the Ministry of Finance, the State Energy Investment Corporation and the National Electric Power System Reform Working Group (Guo Fa 1998 No. 2).

Railway construction**: refers to the special funds collected by the Ministry of Railways for railway construction from relevant units in accordance with the approved railway construction ** collection and use management measures.

National key construction**: refers to the national key construction established by the State Development Planning Commission in accordance with the notice of the Communist Party of China on several issues concerning the adoption of unified policy measures by concentrating efforts to ensure key construction (Zhong Fa 1988 No. 6). The financial budget is arranged by the State Development Planning Commission to allocate funds to the State Specialized Investment Corporation and the State Development Bank, and then the State Specialized Investment Corporation and the State Development Bank to the construction enterprises undertaking the construction tasks of key state construction projects. The ** is mainly used for the funds required for the construction tasks of national key construction projects.

State Budget Adjustment**: Refers to the State Budget Adjustment approved by ***. The ** is collected by the Ministry of Finance and included in the management of the ** financial budget, which is mainly used to make up for the difference between revenue and expenditure in the implementation of the state budget.

Education surcharge: refers to the education surcharge established by the notice on the issuance of the "Interim Provisions on the Collection of Education Fee Surcharge" (Guo Fa 1986 No. 50). The surcharge is collected by the municipal finance bureau in cities, the county finance bureau in counties and towns, and the tax authorities in rural areas. This surcharge is mainly used for local development of education, which belongs to local fiscal revenue and is included in the local fiscal budget management.

Vehicle toll: refers to the toll road toll approved for establishment. The toll is collected by the transportation department and included in the local budget management. The fee is mainly used for the maintenance, repair and management of toll roads.

Port construction fee: refers to the port construction fee approved for establishment. The fee is collected by the transportation department and included in the local budget management. This fee is mainly used for the construction, maintenance, and management of the port.

Road transport management fee: refers to the road transport management fee approved for establishment. The fee is collected by the transportation department and included in the local budget management. This fee is mainly used for the management and supervision of road transport.

Cultural undertaking construction fee: refers to the cultural undertaking construction fee approved by ***. The fee is collected by the cultural department and included in the local budget management. The fee is mainly used for the development of cultural undertakings and the promotion of cultural industries.

Water conservancy construction**: refers to the water conservancy construction approved for establishment. The ** is arranged by the ** financial budget and allocated to the relevant water conservancy construction units through the Ministry of Water Resources for the construction and maintenance of water conservancy facilities. It is mainly used for national key water conservancy project construction projects and local water conservancy facilities construction.

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