Chinanews.com, January 28. On the 28th, the Ministry of Finance held an online press conference on fiscal revenue and expenditure in 2020.
At the meeting, the Ministry of Finance pointed out that in 2020, the economy will continue to recover steadily, and fiscal revenue will pick up quarter by quarter.
The Ministry of Finance stated that in 2020, facing the severe and complex domestic and foreign environment, especially the severe impact of the new crown pneumonia epidemic, the financial departments at all levels will thoroughly implement the decisions and deployments of the Party Central Committee and the State Council, and resolutely implement the requirements of a more proactive fiscal policy. , The promotion of tax cuts and fee reductions and the direct fiscal fund direct mechanism and other large-scale relief policies to help enterprises have taken effect, the economy has continued to recover steadily, and fiscal revenue has improved quarter by quarter.
National general public budget revenue fell by 3.9%, better than expected.
The national general public budget expenditure increased by 2.8%. While resolutely implementing the government's tight life requirements, expenditures in key areas such as epidemic prevention and control, poverty alleviation, and grassroots "three guarantees" were effectively guaranteed.
The central and local budgets are implemented well.
The fiscal revenue and expenditure operations throughout the year mainly present the following characteristics:
First, the economy continued to recover steadily, and fiscal revenue picked up quarter by quarter.
From the first quarter to the fourth quarter of 2020, the national general public budget revenue increased by -14.3%, -7.4%, 4.7%, and 5.5% respectively, showing that the revenue in the first quarter fell sharply and then bottomed out in the second quarter, and turned from negative to positive in the third quarter. Continue to improve.
Among them, when the epidemic broke out, national fiscal revenue fell by 21.4% and 26.1% in February and March respectively, and the contradiction between fiscal revenue and expenditure was very prominent.
As the effects of large-scale relief policies such as tax cuts and fee reductions and new direct fiscal funds have gradually emerged, the resumption of work and production and the market has been resumed in an orderly manner, major strategic results have been achieved in epidemic prevention and control, and the economy has continued to recover steadily month by month. After June, the national fiscal revenue increased continuously for the month.
Second, the main economic indicators stabilized and improved, driving the main tax categories to rebound.
In 2020, national tax revenue was 15,431 billion yuan, a drop of 2.3%, and the rate of decline gradually narrowed, mainly due to the sustained and stable recovery of the economy, and the gradual recovery of major economic indicators such as industrial added value, corporate profits, and imports and exports.
Among them, the domestic value-added tax fell by 8.9%, and the cumulative decline has narrowed for eight consecutive months. In October, November, and December, they increased by 9.1%, 8.1%, and 7.7% respectively, which basically returned to normal.
Value-added tax and consumption tax on imported goods fell by 8.1%, and the rate of decline gradually narrowed as the growth rate of general trade imports rebounded.
Corporate income tax fell by 2.4%, mainly due to the recovery of corporate profits in the second half of the year, which led to a narrower cumulative decline in revenue.
Personal income tax increased by 11.4%, mainly due to the restorative growth of residents' income following economic recovery and the increase in property income such as equity transfers.
Land value-added tax and deed tax increased by 0.1% and 13.7% respectively, mainly due to the increase in land transfer and real estate sales.
The actual export tax rebate handled throughout the year was 1,454.9 billion yuan, which effectively promoted the steady growth of foreign trade exports.
The third is to revitalize state-owned resource assets through multiple channels to increase local non-tax revenue, and corporate-related fees continue to decline.
In 2020, the national non-tax revenue was 2,858.5 billion yuan, a decrease of 11.7%.
Among them, the central non-tax revenue fell by 62.3%, mainly due to the increase in profits paid by certain state-owned financial institutions and central enterprises in 2019, which has a higher base.
Local non-tax revenue increased by 5.6%, mainly because governments at all levels were actively tapping the potential and activating state-owned resource assets through multiple channels to increase revenue. Among them, the income from the paid use of local state-owned resources (assets) increased by 17.8%, which pushed up the increase of local non-tax revenue by 5.4 percentage point.
At the same time, it is strictly forbidden to reduce the effect of tax reduction and fee reduction on the grounds of organizing taxes and fees, resolutely prevent illegal collection of taxes and fees, and increase the burden on enterprises in the name of clearing and paying back.
In 2020, the burden on enterprises will continue to lighten, and corporate-related fees will continue to decline, national administrative fee income will drop by 1.4%, and special income such as education surcharges will drop by 0.3%.
The fourth is to reduce general expenditures, and to effectively guarantee expenditures in key areas.
Governments at all levels have strictly implemented the requirements for tight days, and expenditures on general public services and urban and rural communities nationwide have dropped by 1.1% and 20% respectively.
At the same time, expenditures in key areas such as epidemic prevention and control, poverty alleviation, and grassroots "three guarantees" have been strongly guaranteed.
National health expenditure increased by 15.2%, of which public health expenditure directly related to epidemic prevention and control increased by 74.9%; agriculture, forestry and water expenditure increased by 4.4%, of which poverty alleviation expenditure increased by 1.5% on the basis of the 14.3% increase in 2019; social security and Employment expenditure increased by 10.9%; housing security expenditure increased by 10.5%; education expenditure increased by 4.4%; transportation expenditure increased by 3.2%.