The central budget stabilization fund refers to a reserve fund managed by the central government, primarily funded through surplus revenue. It is used to fill budgetary gaps in years with lower-than-expected revenues and, depending on the budget balance, is incorporated into the budget at the beginning of the year. The use and management of the fund are subject to the supervision of the National People’s Congress and its Standing Committee.

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Central Budget Stabilization Fund

  • Ma Haitao,
  • Ren Qiang,
  • Han Xiaoming,
  • Jia Kang

摘要

The central budget stabilization fund refers to a reserve fund managed by the central government, primarily funded through surplus revenue. It is used to fill budgetary gaps in years with lower-than-expected revenues and, depending on the budget balance, is incorporated into the budget at the beginning of the year. The use and management of the fund are subject to the supervision of the National People’s Congress and its Standing Committee.