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Economy

The Ministry of Finance has issued a notice urging all regions and departments to adhere to a tight lifestyle and not relax

2024-04-01   

The Ministry of Finance recently issued a notice, from the perspective of strengthening budget constraints, proposing six clear requirements for central and local finance to implement the habit of party and government agencies to live a tight life, and urging all regions and departments to adhere to the principle of living a tight life without relaxing. One is to implement stricter quota management for "three public" funds. Administrative and participating public institutions are not allowed to use non-financial appropriations to arrange travel expenses for official purposes; It is strictly prohibited to rent high-end luxury vehicles beyond the standard for official vehicles, and to reduce vehicle operation and maintenance costs; It is strictly prohibited to overstate official reception expenses by falsely reporting the number of people or increasing the number of accompanying persons in violation of regulations. The second is to strictly control general expenditures. Emphasize that central departments take the lead in significantly reducing activities such as forums, festivals, and exhibitions. Organizing activities should not emphasize extravagance, and efforts should be made to save expenses. Priority should be given to using internal meeting rooms, auditoriums, and other venues for official activities such as meetings and training. Online methods such as video, phone, and internet are encouraged to carry out official activities. The third is to strengthen budget constraints and execution supervision. Further carry out budget review to curb issues such as overestimation, calculation, and inclusion of irrelevant content in project applications; Intensify online monitoring of violations, abnormal expenses, and sudden spending, and conduct daily checks on suspicious points discovered; Adhere to the normalization of carrying out fiscal fund clearance, and use idle funds to safeguard people's livelihoods and promote development. The fourth is to strictly manage expenditures and secure the bottom line of "three guarantees". Emphasis is placed on establishing a sound hierarchical responsibility system for the "three guarantees" at the grassroots level, requiring all regions to prioritize the use of stable financial resources for the "three guarantees", strengthen enforcement constraints, strictly prohibit the misappropriation of "three guarantees" funds, and implement strict supervision of fiscal expenditures and treasury disbursements in areas with risks associated with the "three guarantees". The fifth is to strengthen budget performance management. Emphasize the need to continue conducting pre evaluation of major policies and projects, and strictly manage project initiation from the source; Strengthen performance target management and further leverage the guiding and constraining role of performance targets on the use of fiscal funds; Identify deviations and loopholes in budget execution through performance monitoring, and take timely measures to correct them; Carry out high-quality performance evaluation and improve the mechanism for applying performance evaluation results. Six is to strictly enforce financial and economic discipline. Emphasize the serious investigation and punishment of violations of financial discipline, and clearly require all units to implement the "three major and one major" decision-making system, clarifying the responsibilities of each link in budget management to individuals; Continuously maintain a high-pressure situation in financial and accounting supervision, prevent and investigate issues such as illegal bookkeeping, unauthorized interception, and illegal appropriation, increase notification and handling efforts, and fully play a warning and deterrent role. (Lai Xin She)

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