Budget Management System

Tianjin Economic Yearbook (1986)

Chinese Economy, 1990, vol. 24, issue 2, 46-51

Abstract: At the end of 1984, the State Council resolved to carry out, beginning in 1985, with regard to municipalities directly under the jurisdiction of the central government, the fiscal budgetary management system characterized by "delineating different types of taxes, auditing and determining the proper levels of revenue and expenditure, and fiscal contracts at various levels." Fiscal revenues are to be classified into three categories: fixed fiscal revenue of the center, fixed fiscal revenue of the locality, and revenue to be shared by the center and the locality. The revenues that are classified as the municipality's fixed budget revenue include the following: income tax from collective enterprises, agricultural tax, personal income tax, registration fees for motor vehicles and vessels, municipal (city) tax on real estate property, slaughter tax, lifestock trading tax, collective trading tax, fees for contracts and deeds, state-run enterprises' bonus tax, revenues from fines and amercements due to late payment of taxes, other miscellaneous revenues, and the municipal maintenance and construction tax. Of the product tax, business operation tax, and value-added tax, levied on and collected from the enterprises in Tianjin that belong to and are affiliated with the Ministry of Petroleum Industry, the Ministry of Electrical Power, the Petro-Chemical Industrial Company and the Nonferrous Metals Company, 30 percent becomes the fixed revenue of the locality and 70 percent the fixed revenue of the center. Revenues to be shared by the center and the locality include the following: company tax and adjustment tax of local enterprises, production tax, business operation tax, and value-added tax of local enterprises (these three types of taxes do not include the portions submitted by the enterprises belonging to and affiliated with the four departments, namely, the Ministry of the Petroleum Industry, the Ministry of Electrical Power, the Petro-Chemical Industrial Company and the Nonferrous Metals Company, as well as by the departments of railroads, civil aviation, and telecommunications and postal service), natural resources usage tax, constructon and building tax, salt tax, revenues of enterprises contracted by the locality, the losses sustained by the grain and food supply enterprises run by the locality, supply and marketing cooperative enterprises, and foreign trade enterprises run by the locality, the industrial and commercial taxes and the income taxes of foreign-capital and joint-venture enterprises in the locality (this last area does not include the portion submitted by offshore oil drilling enterprises).

Date: 1990
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