Chinanews client, Beijing, July 20 (Reporter Li Jinlei) The Ministry of Finance released data on the 20th, showing that the fiscal revenue in the first half of the year exceeded 11 trillion yuan, and monopoly fines pushed up non-tax revenue across the country.
Data map: Ministry of Finance.
Photo by Kang Yafeng issued by China News Service
Fiscal revenue in the first half of the year exceeded 11 trillion yuan
Liu Jinyun, director of the Treasury Payment Center of the Ministry of Finance, pointed out that in the first half of the year, the national general public budget revenue was 11,711.6 billion yuan, a year-on-year increase of 21.8% and an increase of 8.6% over the same period in 2019, which was in line with expectations.
The higher year-on-year growth rate is mainly due to the lower income base in the same period last year and the current rapid rise in industrial producer prices, which also reflects the remarkable results of my country's economic recovery.
In terms of tax revenue, the national tax revenue in the first half of the year was 10,046.1 billion yuan, a year-on-year increase of 22.5% and an increase of 8.7% over the same period in 2019.
Among them, domestic value-added tax increased by 22.5% year-on-year, mainly due to the steady growth of the industrial service industry and the increase in factory prices of industrial producers. In the first half of the year, industrial value-added and PPI increased by 15.9% and 5.1% year-on-year; domestic consumption tax increased by 12.8% year-on-year, mainly due to Driven by the sales growth of refined oil, automobiles, and cigarettes; corporate income tax increased by 17.7% year-on-year, mainly due to the continuous and stable growth of corporate profits; personal income tax increased by 24.9% year-on-year. In addition to the growth of residents' income, it was also related to the growth of equity and other property transfers and dividend income. Related: Import tax revenue increased by 27.6% year-on-year, mainly driven by the 29.2% increase in general trade imports.
Data map: Bank staff count currency.
Photo by China News Agency reporter Zhang Yun
Monopoly fines increase national non-tax revenue
In terms of non-tax revenue, the national non-tax revenue in the first half of the year was 1,656.5 billion yuan, a year-on-year increase of 17.4%.
Liu Jinyun introduced the main factors driving the growth of non-tax income: First, with the rapid recovery of value-added tax and consumption tax, special income such as education surcharges increased by 27.7%, which increased the national non-tax income growth by 6.9 percentage points;
Second, income from the paid use of state-owned resources (assets) increased by 12.2%, pulling up the national non-tax income by 4.4 percentage points;
Third
, the administrative fines imposed on some monopolistic activities led to an increase of 27.9% in revenue from fines and confiscations, which pushed up the national non-tax revenue growth by 3.1 percentage points.
Administrative fees increased by 17.1% year-on-year. Among them, the first quarter increased by 26.3%, and the second quarter's growth rate dropped significantly to 8.9%. The first quarter's growth rate was high, mainly because part of the revenue at the end of last year was concentrated in the warehouse at the beginning of the year.
The financial department has implemented various fee reduction policies, intensified the rectification of various types of illegal charges for enterprises, and strived to reduce the burden on enterprises.
It is expected to be able to complete the annual budget revenue target
In terms of fiscal expenditure, the national general public budget expenditure in the first half of the year was 12,167.6 billion yuan, a year-on-year increase of 4.5%.
Among them, the central government's expenditure dropped by 6.9% year-on-year, and after deducting some of the expenditure allocation time, it fell by 2.4% after the delay compared with last year. Non-urgently needed non-rigid expenditure continued to be reduced; local expenditure increased by 6.4% year-on-year.
The national fiscal "three guarantees" and other key expenditures have grown rapidly, and expenditures on education, social security, employment, and health have increased by 10.1%, 8.2%, and 3.8% respectively.
Liu Jinyun judged that from the perspective of the later trend, the global epidemic situation is still severe, the domestic economic recovery is not balanced, the foundation is unstable, and the base figure is raised in the second half of last year, the company's R&D expenses deduction ratio will be increased and the increase will be enjoyed in advance. The tax cut policy and income reduction are reflected in the second half of this year. It is expected that the national income growth rate in the second half of this year will be significantly lower than that in the first half of the year.
"However, taking into account the relatively rapid progress in the completion of revenue in the first half of the year, after hard work, it is expected that the annual budget revenue target will be completed." Liu Jinyun said.
(Finish)