China News Service, November 7th. According to the Ministry of Finance's website on the 7th, recently, the Ministry of Finance issued the "Notice on the Advancement of the 2023 Basic Endowment Insurance Subsidy Budget for Urban and Rural Residents", which mentioned that ensuring that urban and rural residents' endowment insurance benefits are on time. issued in full.
The document proposes that the provincial finance department should submit the fund allocation plan to the Ministry of Finance for record within 21 days after receiving the central government's direct fund budget target document or target pre-notification.
The direct fund identification runs through the entire process of fund allocation, appropriation, and use, and the Ministry of Finance implements dynamic monitoring of direct funds.
When the transfer payment is issued, the budget index document shall be issued separately, and the central direct fund identification shall be kept unchanged.
The document also mentions that when the financial department decomposes and implements the direct funds from the central government to units and specific projects, if the source of funds includes both direct funds from the central government and correspondingly arranged funds from the local government, the source of funds should be detailed in the budget index document and information management system. List and log budget metrics separately.
The document clarifies that all localities shall, in accordance with the requirements of the "Notice of the Ministry of Finance on Issues Concerning Advance Notification of Transfer Payment Indicators" (Caiyu [2010] No. 409), do a good job in budget preparation, indicator arrangement and other related work, and effectively strengthen the management and supervision of funds , to ensure that the pension insurance benefits for urban and rural residents are paid in full and on time.
At the same time, in accordance with the requirements of the "Opinions of the Central Committee of the Communist Party of China and the State Council on the Comprehensive Implementation of Budget Performance Management", we will strengthen budget performance management and effectively improve the efficiency of the use of financial funds.
(Zhongxin Finance)