China News Service, January 28. On January 28, the Ministry of Finance held an online press conference on fiscal revenue and expenditure in 2020.

The press conference introduced that in 2020, the national general public budget revenue will be 18,289.5 billion yuan, a year-on-year decrease of 3.9%.

Among them, the central general public budget revenue was 8277.1 billion yuan, a year-on-year decrease of 7.3%; the local general public budget revenue at this level was 10,012.4 billion yuan, a year-on-year decrease of 0.9%.

National tax revenue was 15,431 billion yuan, a year-on-year decrease of 2.3%; non-tax revenue was 2,858.5 billion yuan, a year-on-year decrease of 11.7%.

  The main tax revenue items are as follows:

  1. Domestic value-added tax was 5,679.1 billion yuan, a year-on-year decrease of 8.9%.

  2. Domestic consumption tax was 1202.8 billion yuan, down 4.3% year-on-year.

  3. Corporate income tax was 3642.4 billion yuan, a year-on-year decrease of 2.4%.

  4. Personal income tax was 1,156.8 billion yuan, a year-on-year increase of 11.4%.

  5. Value-added tax and consumption tax on imported goods were 1,453.5 billion yuan, a year-on-year decrease of 8.1%.

Tariffs amounted to 256.4 billion yuan, down 11.2% year-on-year.

  6. The export tax rebate amounted to 1362.9 billion yuan, plus the 92 billion yuan used to carry forward funds from previous years. The actual export tax rebate for the whole year was 1.4549 billion yuan.

  7. Urban maintenance and construction tax was 460.8 billion yuan, a year-on-year decrease of 4.4%.

  8. Vehicle purchase tax was 353.1 billion yuan, a year-on-year increase of 0.9%.

  9. The stamp duty was 308.7 billion yuan, a year-on-year increase of 25.4%.

Among them, the stamp tax on securities transactions was 177.4 billion yuan, a year-on-year increase of 44.3%.

  10. The resource tax was 175.5 billion yuan, a year-on-year decrease of 3.7%.

  11. Of the land and real estate related taxes, deed tax was 706.1 billion yuan, a year-on-year increase of 13.7%; land value-added tax was 646.8 billion yuan, a year-on-year increase of 0.1%; real estate tax was 284.2 billion yuan, a year-on-year decrease of 4.9%; farmland occupation tax was 125.8 billion yuan, a year-on-year increase A decrease of 9.5%; urban land use tax was 205.8 billion yuan, a year-on-year decrease of 6.2%.

  12. Environmental protection tax was 20.7 billion yuan, a year-on-year decrease of 6.4%.

  13. Vehicle and vessel tax, ship tonnage tax, tobacco tax and other tax revenues totaled 115.3 billion yuan, a year-on-year increase of 2.8%.

  In addition, in 2020, the national general public budget expenditure will be 2,455.8 trillion yuan, a year-on-year increase of 2.8%.

Among them, the central general public budget expenditure at this level was 3509.6 billion yuan, down 0.1% year-on-year; the local general public budget expenditure was 21,049.2 billion yuan, up 3.3% year-on-year.

  The main expenditure subjects are as follows:

  1. Education expenditure is 363.7 billion yuan, a year-on-year increase of 4.4%.

  2. Science and technology expenditures were 900.9 billion yuan, a year-on-year decrease of 4.9%.

  3. Expenditure on culture, tourism, sports and media was 423.3 billion yuan, a year-on-year increase of 3.6%.

  4. Social security and employment expenditures were 3,258.1 billion yuan, a year-on-year increase of 10.9%.

  5. Health expenditures amounted to 1920.1 billion yuan, a year-on-year increase of 15.2%.

  6. Energy conservation and environmental protection expenditures were 631.7 billion yuan, a year-on-year decrease of 14.1%.

  7. Urban and rural communities spent 1991.7 billion yuan, down 20% year-on-year.

  8. Agriculture, forestry and water expenditure was 2,390.4 billion yuan, a year-on-year increase of 4.4%.

  9. Transportation expenditure was 1,219.5 billion yuan, a year-on-year increase of 3.2%.

  10. Debt interest payment expenditure was 982.9 billion yuan, a year-on-year increase of 16.4%.

  Regarding the budgetary revenue and expenditure of national government funds, in 2020, the national government fund budget revenue was 9,348.9 billion yuan, a year-on-year increase of 10.6%.

In terms of central and local levels, the budget revenue of central government funds was 356.2 billion yuan, a year-on-year decrease of 11.8%; the budget revenue of local government funds at this level was 8992.7 billion yuan, a year-on-year increase of 11.7%. Among them, income from the transfer of state-owned land use rights was 84142 billion yuan. A year-on-year increase of 15.9%.

  In 2020, national government fund budget expenditures will be 11,799.9 billion yuan, a year-on-year increase of 28.8%.

In terms of the central and local governments, the central government-managed fund budgeted expenditures at this level was 271.5 billion yuan, a year-on-year decrease of 12.8%; the local government fund budgeted expenditures were 11,1288.4 billion yuan, a year-on-year increase of 30.2%. Yuan, an increase of 1% year-on-year.

  With regard to the budgetary revenue and expenditure of state-owned capital operations nationwide, in 2020, the nationwide budgetary revenue of state-owned capital operations will be 477.8 billion yuan, a year-on-year increase of 20.3%.

In terms of the central and local governments, the central government's budgetary revenue from state-owned capital operations was 178.6 billion yuan, a year-on-year increase of 9.1%; the local budgetary revenue from state-owned capital operations was 299.2 billion yuan, a year-on-year increase of 28.1%.

  In 2020, budget expenditures for state-owned capital operations nationwide will be 254.4 billion yuan, a year-on-year increase of 10.8%.

In terms of central and local governments, the central government’s budget for state-owned capital operations was 87.4 billion yuan, a year-on-year decrease of 11.4%; local state-owned capital’s budget expenditures were 167 billion yuan, a year-on-year increase of 27.6%.