National finance is also a material guarantee for promoting social justice and improving people's lives. By rearranging the national income, the financial system has narrowed the gap in income arrangements, promoted education equity, established a social security system and a basic medical and health system, and guaranteed and improved people's living standards.

What is the function of finance?

Finance can promote social justice, the rational allocation of resources, the smooth operation of the national economy and the progress of science, education, culture and health, and is the material guarantee for consolidating state power.

Promote the rational allocation of resources: finance is one of the important means to realize national macro-control, and it also plays a very important role in the optimal allocation of resources. Generally, if resources are completely allocated by the market, it will lead to a serious shortage of resources in some industries and regions, so the state supports the construction of these industries and regions through finance.

Promote the smooth operation of the national economy: the state realizes the optimization of the balanced structure of total social demand and total supply by grasping the quantity and direction of fiscal revenue and expenditure, and ensures the rapid and smooth progress of the national economy.

national income

National financial arrangements include: fiscal revenue and fiscal expenditure. China's fiscal revenue includes budgetary revenue and extra-budgetary revenue. China's fiscal expenditure also includes budgetary expenditure and extra-budgetary expenditure.

According to the provisions of Article 19 of the Budget Law, budgetary revenue includes tax revenue, income from state-owned assets that should be turned over according to regulations, special income and other income. National tax revenue is the main form and source of national fiscal revenue.

According to Article 19 of the Budget Law, budgetary expenditures include: economic construction expenditures; Expenditure on education, science, culture, health and sports progress; State management expenditure; Defense expenditure; Various subsidies and other expenses. ?