What's the difference between departmental budget and traditional budget?

The so-called traditional budget is also called functional budget or base budget. The preparation of functional budget adopts the method of classifying income and expenditure by function, and classifies expenditure according to government functions and the nature of funds, instead of the budget department as the classification standard. In the budget approval, the method of base plus growth is adopted, and according to the new factors of next year, the expenditure share is considered to be increased. From the same point of view, the departmental budget is compiled according to the classification of departments, and the budget arranges different functional expenditures according to the different functions exercised by the departments. It can be said that departmental budget is the inheritance and development of functional budget, which is conducive to analyzing the advantages of fiscal revenue and expenditure structure and government macro-control, and is a sublation on the basis of traditional budget.

The difference between departmental budget and functional budget can be summarized as follows:

1. The entities of budget preparation are different.

2. The classification basis of the budget is different.

The budget covers different fields.

4. The emphasis of budget management is different.

5. Different budget methods.

6. Budget preparation time is different.

7. The subjects of budget approval are different.