Hunan Provincial Department of finance is an integrated economic department of the provincial people's government. It is a department in charge of government revenue and expenditure, financial and tax policy, state-owned asset.
Main Functions and Responsibilities
According to the above function adjustment, the main function and responsibilities of provincial department of finance are:
1. To implement guideline and policy of national finance, to manage the whole provincial finance, to participate in drawing out each macroeconomic policy, to table proposals of applying finance and tax policy to execute macroeconomic control and balance comprehensively society financial resources, to lay down and execute the allotment policy between province and municipality or state, between government and enterprise.
2. To lay down regulations draft of the basic management of finance, financial affairs, accounting and state-owned funds, to draw out rules and regulations of the basic management of finance, financial affairs, accounting and state-owned funds.
3. To work out and organize the execution of province level annual drafted budget t, to work out total final accounts at the same level of whole provincial finance, to work out the whole provincial finance receipt and expenditure budget, to summarize the total final accounts of whole provincial finance. To report provincial budget, the implement situation of budget and the total final accounts to provincial people's congress authorized by provincial government.
4. To manage each financial revenue, extra-budgetary funds and special account of finance, to manage concerned governmental funds, to examine and approve items of charge with other concerned departments, to participate in drawing and adjusting charge standards, to administrate charge bills, to undertake lottery's control affairs.
5. To put forward local legislation program of tax revenue by law, to deliberate and report local tax revenue item draft with provincial local tax revenue bureau, to table proposals of increase and decrease of local tax species, adjustment of tax category and tax rate and the payment on temporary special cases' tax concession that influence bigger in whole province's public finance, to take charge of collection administration of agricultural taxes.
6. To manage politics and laws of finance and administration and expenditure of education, science and culture, to lay out and execute government procurement policy, to take charge of controlling thepurchasing power of social groups, to administrate non-trade foreign exchange of fiscal budge of administrative institution, government-sponsored institution and social organization, to study out expense standards and expenditure policy that need provincial unified prescription, to execute Finance Regulations of Administrative Unit and Finance Rules of Government-sponsored institution.
7. To Manage state-owned assets, to organize the implement of asset and capital verification, property right definition and registration of state-owned assets, to take charge of statistic, analysis, assignment and disposition of state-owned assets management as well as the conciliation and disposition of property right disputes and administrative arbitration.
8. To manage financial expenditure of economic development, to examine the budget and final account of investment projects with fiscal funds, to implement Finance General Rules of Enterprise, to take charge of financial assistant of agriculture, agricultural financial management and agricultural comprehensive exploitation.
9. To manage fiscal expenditure of social security, to draft out financial management system of social security funds.
10. To execute governmental guideline, policy､rules and regulations and management ways of domestic debt management, to execute national debt issue program, to lay out and execute the regulations of governmental foreign loans management, to undertake the foreign negotiation and consultation affairs of World Bank､Asian Development Bank､IIFAD､JCB and foreign government loans.
11. To set out and supervise the execution of rules and regulations of accountant, to execute Accounting Standards of Enterprises, to supervise and execute the accounting system of governmental budget､administration and government-sponsored institution and branch of industry, to advise and administrate social audit affairs, to take charge of experiments in selected places of accountant appointment institution.
12. To supervise the implement of policy, laws and regulations of finance and tax, to inspect and report vital problems in the management of fiscal revenue and expenditure, to table policy proposals of strengthening the fiscal administration.
13. To draw out programs of financial scientific study and educational, to organize training of financial personnel, to take charge of financial information and financial propaganda affairs.
14. To undertake any other business demanded by provincial Party committee and provincial people's government.
