Budgetary Operation Time Schedule

According to laws such as the Budget Act and the Public Debt Act, Ministry of Finance is responsible for securing sources of funds and, in conjunction with Directorate General of Budget, Accounting and Statistics, planning the scale of revenues and expenditures, compiling an annual budget proposal, which, upon approval of the Executive Yuan meeting, is submitted four months before the beginning of the next fiscal year to the Legislative Yuan for examination, voting, and enactment.
 
Once enacted, the president promulgates the budget, which becomes the budget of government agencies. At the conclusion of a fiscal year, the ministry reviews how the budget was executed and lists revenues and expenditures. The Executive Yuan should submit the Final Accounts of the Central Government to the Control Yuan and send to the National Audit Office for auditing within four months of fiscal year-end.

The budget of revenue is a projection made by the Government; however, the execution result could be influenced by the economic environment, regulation adjustment and many other factors. Certainly, our whole budget is executed in accordance with laws and regulations, and it is normal for the execution result to differ from the budget at the final audit stage.