According to data released by the Ministry of Finance on the 19th, in the first half of this year, the national general public budget revenue was 11,920.3 billion yuan, a year-on-year increase of 13.3%.
In terms of the central and local governments, in the first half of this year, the central general public budget revenue was 5,388.4 billion yuan, a year-on-year increase of 13.1%; the local general public budget revenue at this level was 6,531.9 billion yuan, a year-on-year increase of 13.5%.
Xue Yuqian, deputy director of the treasury payment center of the Ministry of Finance, said at a press conference held by the Ministry of Finance on the same day that the increase in fiscal revenue in the first half of the year was relatively high. The large-scale value-added tax refund policy and more centralized tax refunds have lowered the base.
From the perspective of main tax revenue items, in the first half of this year, the domestic value-added tax was 3,750.3 billion yuan, an increase of 96% year-on-year, mainly due to the large number of tax refunds left over in the same period last year, and the base was low; the domestic consumption tax was 827.2 billion yuan, A year-on-year decrease of 13.4%; corporate income tax was 2,685.9 billion yuan, a year-on-year decrease of 5.4%; personal income tax was 780 billion yuan, a year-on-year decrease of 0.6%; imported goods value-added tax and consumption tax were 923.4 billion yuan, a year-on-year decrease of 9.5%; tariffs were 125.1 billion yuan, a year-on-year decrease of 13.6% %.
“Judging from the income trend in the later stage, the overall recovery of my country’s economic operation will provide an important support for the growth of fiscal revenue. The incomparable factors of less tax refunds will gradually fade away, and the growth rate of monthly fiscal revenue will drop accordingly, which will generally be in line with the growth of economic tax sources.” Xue Yuqian said.
In terms of fiscal expenditure, in the first half of this year, the national general public budget expenditure was 13,389.3 billion yuan, a year-on-year increase of 3.9%. In terms of the central and local governments, the central general public budget expenditure at the same level was 1,666.6 billion yuan, a year-on-year increase of 6.6%; the local general public budget expenditure was 11,722.7 billion yuan, a year-on-year increase of 3.5%.
“Financial departments at all levels strengthen the overall planning of financial resources, maintain the necessary expenditure intensity, continue to increase investment in weak links and key areas of economic and social development, basic people’s livelihood, rural revitalization, major regional strategies, education, science and technology Key expenditures such as tackling key problems are effectively guaranteed.” Xue Yuqian said.
In terms of national government fund budget revenue and expenditure, in the first half of this year, the national government fund budget revenue was 2,350.6 billion yuan, a year-on-year decrease of 16%; the national government fund budget expenditure was 4,322.2 billion yuan, a year-on-year decrease of 21.2%.
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