A rational view of the high growth rate of fiscal revenue

  Statistics show that in the first eight months of this year, the national general public budget revenue exceeded 15 trillion yuan, an increase of 18.4% year-on-year, continuing the high growth rate this year.

It is worth noting that the high growth rate of income does not mean that the contradiction between income and expenditure is resolved. We must not relax the government's tight life because of the faster recovery of fiscal revenue.

  Since the beginning of this year, my country's economy has resumed steady growth, economic development resilience has continued to show, and fiscal revenue has also achieved rapid growth.

Sustained double-digit fiscal revenue growth cannot yet be equated with "richness".

On the one hand, the important factors affecting the higher year-on-year growth of fiscal revenue are the lower income base during the same period affected by the epidemic last year, and the high ex-factory prices of industrial producers this year have promoted tax growth.

On the other hand, the current domestic economic recovery is still unstable and uneven, and the foundation of fiscal revenue still needs to be consolidated.

Therefore, the high growth rate of income should be viewed rationally and not blindly optimistic.

  Judging from the fiscal revenue in a single month in August, it can explain the problem.

In August, the national general public budget revenue dropped significantly, with a year-on-year increase of only 2.7%, mainly due to the increase in the base figure in the same period last year and the recent epidemic, flood conditions and other factors.

At present, economic development is still facing many difficulties and uncertainties. Risks, challenges and corresponding countermeasures must be fully anticipated.

  From the perspective of expenditure, the growth of fiscal expenditure is relatively rigid, the demand for funds in various fields is increasing, and the contradiction between fiscal revenue and expenditure is prominent, especially when the grassroots financial resources are relatively tight, and risks in key areas such as debt cannot be ignored.

At this stage, in order to better support the real economy and consolidate economic recovery, it is necessary to increase budgetary expenditures, and the problem of balance of payments has become more prominent.

Persistence in hard work, diligence and thrift is a long-term policy. Under the current situation, it is especially necessary to strengthen and implement the government's tight living requirements.

  Insist on the government's tight life is to "save the use of the people" with the limited financial funds, so as to minimize the government's own expenditure and maximize the expenditure on the people's livelihood.

In recent years, my country has continued to reduce general expenditures and optimize the structure of expenditures, which has achieved remarkable results.

At present, various measures must not be slackened, especially strict budget management. Over-budget and no-budget expenditures are strictly prohibited. The reduction of non-urgent and non-rigid expenditures should be implemented. Potential savings.

  At the same time, the freed up financial resources should be used to increase support for ensuring employment, protecting people's livelihood, and protecting market entities.

In protecting and improving people's livelihood, we must "do our best and do what we can."

Considering the financial situation and actual needs, the people's livelihood policy shall be reasonably determined, and the level of protection shall be gradually increased during development, and the scientific and preciseness of the management of people's livelihood expenditure funds shall be improved.

At the same time, it is necessary to implement the policy of fine-grained tax and fee reduction to stimulate the vitality of market players.

In short, it is to trade the tight days of the government for the good days of the people and enterprises.

  Recently, the central and local governments have successively deployed budget preparation for 2022.

The preparation of "account books" requires continuing to take too tight days as the basic policy, insisting on keeping revenues and expenditures within the limits of income, and further reducing non-urgent and non-rigid expenditures.

It is worth emphasizing that hardening the budget implementation constraints is of utmost importance. Only when the principle of "no budget, no expenditure" is implemented can the government's tight living requirements be fulfilled.

(Source of this article: Economic Daily Author: Zeng Jinhua)