Fiscal revenue in the first 11 months increased by 12.8% year-on-year
Economic Daily, Beijing, December 17 (Reporter Zeng Jinhua) On the 17th, the Ministry of Finance released statistics showing that from January to November, the national general public budget revenue was 19,125.2 billion yuan, a year-on-year increase of 12.8% and a year-on-year increase of 6.9 %, 96.8% of the annual budget was completed, and fiscal revenue maintained a recovery growth trend, in line with expectations.
In terms of expenditures, the national general public budget expenditures from January to November increased by 2.9% year-on-year. In November, the expenditure progress was significantly accelerated, with a year-on-year increase of 8.5% in the same month. The national grassroots "three guarantees" and other key areas of expenditure have been strongly guaranteed.
"my country's general public budget revenue growth rate has returned to the level before the epidemic as a whole, which fully reflects the steady recovery of the economy and the high revenue efficiency of the government revenue system." said He Daixin, head of the Finance Research Office of the Chinese Academy of Social Sciences Institute of Financial Strategy.
With the implementation of a series of new tax and fee reduction policies, the growth rate of fiscal revenue has slowed recently.
In November, the national general public budget revenue fell by 11.2% year-on-year, mainly to ease the financial difficulties and operating pressures of enterprises, and to reduce the income of coal, electricity, heating, and manufacturing small, medium and micro enterprises, and also reduce the growth rate of some economic indicators. related.
In terms of tax revenue, from January to November, the national tax revenue was 16.449 trillion yuan, a year-on-year increase of 14% and a year-on-year increase of 9.9%.
Among the main taxes, domestic value-added tax increased by 13.4% year-on-year, mainly due to the growth of industrial production, especially the continuous high operation of factory prices for industrial producers.
In recent months, as the growth rate of industrial added value has fallen, the domestic value-added tax has gradually slowed down. Coupled with the impact of tax delays on small, medium and micro enterprises in the manufacturing industry, it fell by 8.3% in November.
In terms of fiscal expenditures, from January to November, the national general public budget expenditures totaled 2,139.2 billion yuan, of which education expenditures were 3221.5 billion yuan, an increase of 5.1%; social security and employment expenditures were 3,076 billion yuan, an increase of 4.9%; health expenditures were 16,854 Billion yuan, an increase of 2.2%.