Briefly describe the content of China's current financial management system

Socialist countries in the fiscal management of the division of responsibilities, powers and interests between the various levels of power, as well as between the state and state-run enterprises and institutions of the system. Briefly referred to as the fiscal system. It is an integral part of the national economic management system. In China, the fiscal management system has its specific content and principles.　　 Contents of the fiscal management system Budget management system Dividing the scope of budget revenues and expenditures and management authority at all levels according to the scope of responsibilities of the state power at all levels, and stipulating the method of dividing revenues and expenditures. The budget management system is the core of the financial management system. Since the state budget concentrates the main financial resources of the state and is the basic form of the state's planned organization of financial distribution, the budget management system is also usually called the financial management system. Extra-budgetary fund management system stipulates the scope of income and expenditure and management authority of extra-budgetary funds (see budget). Extra-budgetary funds are financial in nature, but they are not included in the state budget management and are managed by localities, departments, enterprises and institutions on a self-recovery basis. The tax administration system stipulates the responsibilities and authorities of the authorities at all levels in tax administration. Taxation is the most important financial income of the state. There is not only a clear delineation of tax types and the right of tax reduction and exemption among all levels of power organizations, but also specific regulations on the authority of tax inspection and management. The administrative and institutional financial management system stipulates the authority and responsibility of the state administrative organs and institutions in the disposal of funds for the fulfillment of their tasks and business plans, the scope of expenditure and the form of management, as well as the right to share in the savings of funds after the fulfillment of the tasks and plans. Fixed Asset Investment Management System Provides for the respective responsibilities and benefits to be shared after the full completion of the state tasks between the state and the construction units (including units of new construction, alteration, expansion and upgrading) and their employees in the process of utilizing the state investment. Fixed asset investment involves the credit management system of specialized banks and the financial activities of the construction units themselves, which do not fall within the scope of the financial management system. Enterprise financial management system Provides for the responsibilities, authorities and interests between the state, the enterprise and the employees in the process of reproduction of state enterprises in terms of fund management, cost management, distribution and use of enterprise income. The allocation of funds (including enterprise fixed funds and enterprise liquid funds) and accumulations is dealt with directly by the financial management system. Those involving relations between enterprises and banks and within enterprises belong to the credit management system of banks and the financial activities of enterprises themselves, respectively. The essence of the financial management system The essence of the financial management system is to correctly deal with the centralization and decentralization of the state in the distribution of financial funds. The functions of the state is undertaken by all levels of government *** with, in order to ensure that all levels of government to complete certain political and economic tasks, it is necessary in the central and local governments, local governments at all levels, a clear division of the scope of their respective financial revenues and expenditures, the right to dispose of financial funds and financial management. Generally speaking, all levels of government have what kind of administrative power (authority), should have the corresponding financial power, in order to ensure that all levels of government from the financial resources to realize its functions. The status and role of the financial management system In the whole national economic management system, the financial management system occupies an important position, because the development of various economic undertakings need to have financial and material support. Because of this, the financial management system must be adapted to the requirements of the economic management system. Since the financial management system belongs to the superstructure, it reflects the socialist economic base and is determined by it. Therefore, the financial management system should serve the development of the socialist economic base and productive forces, and should be adapted to the requirements of the development of the national economy.