Budget Requirement

Views Updated: Dec 15, 2025

Abbreviation

Pronunciation

/ˈbəʤɪt rɪkˈwaɪrmənt/

With the groundbreaking reform about the system of financial management in China, the existing practice of separating construction account from internal affair account does not follow the comprehensive budget requirement.
The materials budget comprises materials requirement budget and materials purchase budget.
To develop budget control and fund forecast according to the understanding of budget and strategic requirement;
The central government has already prepared its budget to meet the requirement that government spending on education accounts for 4 % of China's GDP, and local governments should act accordingly to ensure that this target is reached.
The central government has prepared its budget to meet the requirement that government spending on education accounts for 4 percent of the GDP.

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