Yesterday (16th), the Ministry of Finance released the operation of my country's fiscal revenue and expenditure in the first eight months of this year. In fiscal revenue, tax revenue accounts for more than 80%. Data from the Ministry of Finance showed that in August, the national tax revenue growth rate turned from negative to positive. Data from
shows that in the first eight months, the national tax revenue was 11,324.9 billion yuan, a year-on-year decrease of 12.6%, and an increase of 1.1% after deducting the factor of tax rebate . Among them, in August, the national tax revenue increased by 0.6%, which turned from negative to positive. After deducting the factor of tax refund, it increased by 5.5% year-on-year. From the perspective of main tax types, in the first eight months, the increase in domestic value-added tax continued to pick up, and domestic consumption tax, corporate income tax, and personal income tax all increased to varying degrees. The export tax rebate was 207.8 billion yuan more than the same period of the previous year, an increase of 18.2%, which effectively promoted the stable development of foreign trade exports.
It is worth noting that the vehicle purchase tax has dropped significantly, exceeding 30%. Among them, from June 1, the vehicle purchase tax will be halved for some passenger cars, and the cumulative tax reduction from June to August has exceeded 23 billion yuan. Experts said that this shows that policy measures have played a positive role in promoting consumption.
In addition, in the first eight months of this year, the national general public budget expenditure maintained a growth trend, and the expenditure in key areas such as people's livelihood was effectively guaranteed. Data from
shows that from January to August, the national general public budget expenditure was 16517.7 billion yuan, a year-on-year increase of 6.3%. Among them, social security and employment, education, health, agriculture, forestry and water have maintained a steady growth trend. Like transportation and science and technology, spending growth is more obvious, science and technology increased by 20.6% year-on-year.
Quartz Hua, Director of the Macroeconomic Research Center of the Chinese Academy of Fiscal Sciences: It should be said that this also reflects the stable operation of our finances, and that the expenditures continue to maintain the necessary expenditures. The key (people's livelihood) expenditures have maintained rapid growth. We also play an active role in safeguarding the basic livelihood of the people, stabilizing the economy and the broader market.
