Spending money requires efficiency, and by 2026, about a hundred central departments will concentrate on "showing off their budgets"
2026-03-27
On March 26th, as the Ministry of Finance and the Ministry of Housing and Urban Rural Development successively announced their departmental budgets, the annual central budget was made public. On that day, a total of 96 central departments shared their spending plans for the new year with the public. Budget disclosure is an important part of government information disclosure, an important aspect of scientific financial management, and a necessary requirement for improving the budget system. This year is the beginning of the 15th Five Year Plan, and it is of great significance to do a good job in budget disclosure. The Ministry of Finance shall conscientiously carry out the disclosure of the central budget for 2026 in accordance with the law and regulations, and guide central departments to carry out the disclosure of central departmental budgets in accordance with regulations. ”The relevant person in charge of the Ministry of Finance said. It is understood that in terms of the central government budget, the content to be disclosed in 2026 includes the budget situation of the four central budgets, the budget situation of the central government's transfer payments to local governments by region, and relevant explanations. The number of central to local transfer payment projects that will be publicly disclosed by region in 2026 has increased to 49, "said the person in charge. In terms of central departmental budgets, the content to be disclosed in 2026 includes the overall revenue and expenditure budget of departments, the revenue and expenditure budget of fiscal appropriations, and explanations of key issues. The reporter reviewed the budget "account books" of various central departments and found that this year, each department has publicly released 9 reports, including the departmental income and expenditure summary table and the financial allocation income and expenditure summary table, which comprehensively and truthfully reflect the overall situation of departmental income and expenditure and the financial allocation income and expenditure situation. The budget should be more detailed and readable. At the same time as disclosing the above budget statements, each department also provides explanations on changes in budget revenue and expenditure, arrangements for operating funds, "three public" funds, government procurement, occupation of state-owned assets, budget performance management, projects submitted for review by the National People's Congress, and explains terms with strong professionalism. In order to ensure that the public can find, understand, and supervise the budget of each department, in addition to being publicly available on their own website, they will continue to be centrally disclosed on the "Central Budget and Final Accounts Disclosure Platform" established on the Ministry of Finance's portal website, making it convenient for the people to supervise the government's financial work. At the same time, in recent years, the Ministry of Finance has continuously increased its guidance to local governments, urging them to implement their main responsibilities for budget disclosure, conscientiously organizing and doing a good job in budget disclosure work, and ensuring that all necessary disclosures are made. Spending money requires accountability, and ineffective spending requires accountability. Performance target disclosure is an important part of budget disclosure, and it is also a powerful measure to improve the readability of budget disclosure and strengthen public supervision. In 2017, the Ministry of Finance organized central departments to publicly disclose project performance targets to the public for the first time. Since then, the disclosure efforts have gradually increased, and the number of performance targets disclosed has gradually increased from 10 in 2017 to 809 in 2025. ”The person in charge said. In the view of Professor Cao Tangzhe from Central University of Finance and Economics, through the disclosure of performance goals, the public can clearly understand the budget arrangement, performance goals and cost indicators, output indicators, benefit indicators, satisfaction indicators and other information of the project. By making performance goals public, the public not only knows how much money has been spent, but also what has been done with the money and how cost-effective the work is. ”Cao Tangzhe said that at the same time, it also helps to promote the improvement of budget management, project management, performance management, and fund management levels among governments at all levels, departments, units, and project leaders, and effectively spend every penny on the cutting edge. The reporter learned that this year, central departments should, in principle, disclose performance target tables for general public budget first level projects, government fund budget projects, and state-owned capital operation budget projects to the public at a ratio of not less than 60% of the number of projects. Next, the Ministry of Finance will continue to promote the disclosure of performance targets to the society and further improve the quality of performance targets, "said the relevant person in charge of the Ministry of Finance. (New Society)
Edit:He Chuanning Responsible editor:Su Suiyue
Source:Xinhua
Special statement: if the pictures and texts reproduced or quoted on this site infringe your legitimate rights and interests, please contact this site, and this site will correct and delete them in time. For copyright issues and website cooperation, please contact through outlook new era email:lwxsd@liaowanghn.com