Recently, the Ministry of Finance (MOF) has released the Circular on Individual Supplements to the Classification of Government Revenue and Expenditures for 2024 (the "Circular"), effective from the date of release.
According to the Circular, in response to budgetary management requirements, revisions have been made to the Classification of Government Revenue and Expenditures for 2024. Specifically, the "Income from Farmland Protection Assessment Reward and Punishment Fund" (sub-item 1030182) has been added under the category of government fund revenue (item 10301), as a shared revenue between the central and local governments. The "Natural Resources, Ocean, Meteorology, etc." (sub-item 1100412) has been added under the category of government fund transfer payment revenue (item 11004). Within the functional classification of government fund budgetary expenditure, the "Expenditure on Natural Resources, Ocean, Meteorology, etc." (category 220) has been added, including the "Expenditure on Farmland Protection Assessment Reward and Punishment Fund" (item 22006) and its sub-items. The "Natural Resources, Ocean, Meteorology, etc." (sub-item 2300412) has been added under the category of government fund transfer payments (item 23004).