2021 National Fiscal Revenue and Expenditure Released——

Realizing fiscal excess on the basis of implementing tax and fee reductions

  On January 25, the State Council Information Office held a press conference, during which Vice Minister of Finance Xu Hongcai introduced the fiscal revenue and expenditure in 2021.

Data show that in 2021, the national general public budget revenue will be 20.25 trillion yuan, an increase of 10.7% over the previous year; the national general public budget expenditure will be 24.63 trillion yuan, a year-on-year increase of 0.3%.

  From the perspective of fiscal revenue, the general public budget revenue across the country has achieved a recovery growth, and the budget has been completed throughout the year with a certain amount of overpayment.

In 2021, the national general public budget revenue will be 20.25 trillion yuan, nearly doubling from 11.73 trillion yuan in 2012.

Specifically, revenue in 2021 will increase by 10.7% from the previous year and by 6.4% compared to 2019.

Among them, the central general public budget revenue was 9.15 trillion yuan, an increase of 10.5% over the previous year; the local general public budget revenue at this level was 11.1 trillion yuan, an increase of 10.9% over the previous year.

  "The main reasons for the increase in fiscal revenue are the sustained and stable economic recovery and price increases. In 2021, various tax and fee reduction policies have been effectively implemented, and income has not been increased by increasing the tax and fee burden of market entities." Xu Hongcai further explained that this is It was completed under the condition that tax and fee reduction can be effectively implemented, reflecting that the economic recovery has indeed reached a new level.

  "In addition, the central and local governments have over-received to a certain extent, mainly due to the recovery of economic growth, coupled with the high increase in the ex-factory price index of industrial producers and other factors." Xu Hongcai pointed out that the over-received funds are all used to supplement the budget stability adjustment fund. This will provide more resources and space for this year's budget arrangement, and also provide financial support for maintaining this year's spending intensity and promoting financial sinking.

  In terms of fiscal expenditure, the national general public budget expenditure for the whole year was 24.63 trillion yuan, an increase of 0.3%.

Central sector spending fell.

"This was achieved on the basis of continuous reductions in previous years, and it reflects the central government's requirement to take the lead in living a tight life. The central government has reduced spending and freed up more funds to support local areas and grassroots." Xu Hongcai said.

  From the perspective of expenditure structure, expenditure in key areas has been effectively guaranteed. Education, science and technology, social security and employment increased by 3.5%, 7.2% and 3.4% respectively, all higher than the overall expenditure growth.

  The "three guarantees" at the grass-roots level have always been the top priority of budget arrangements and guarantees.

According to reports, in 2021, the Ministry of Finance will increase transfer payments, and actively tilt towards the central and western regions and the grassroots. Balanced transfer payments to increase local financial resources will be 1.89 trillion yuan, an increase of 10.1%, and the county-level basic financial resources will be 1.89 trillion yuan. The guarantee mechanism rewarded and subsidized 337.3 billion yuan, an increase of 13.2%, the transfer payment to the old, young, border and poor areas was 302.7 billion yuan, an increase of 8.5%, and the transfer payment to key ecological function areas was 88.2 billion yuan, an increase of 11%.

At the same time, the Ministry of Finance has continued to improve the incentive and restraint mechanism and established a local financial operation monitoring mechanism; the local financial department has also taken a series of measures to continuously improve the grass-roots financial resources and effectively guarantee the expenditure of "three guarantees".

  Since 2021, the Ministry of Finance has implemented precise tax and fee reductions, especially to support the upgrading of the manufacturing industry, as well as small and medium-sized enterprises and individual industrial and commercial households. For example, allowing enterprises to enjoy policies such as additional deductions for research and development expenses in the first three quarters in advance, to help enterprises alleviate difficulties and improve. good development.

According to reports, on the basis of the cumulative tax reduction and fee reduction of more than 7.6 trillion yuan during the "13th Five-Year Plan" period, an additional tax reduction and fee reduction of more than 1 trillion yuan will be added in 2021.

  Xu Hongcai pointed out that at present, my country's economic development is facing pressures and challenges from the internal and external environment. More than 100 million market players are the strength and resilience of my country's economic development, and an important foundation for stabilizing the economic fundamentals.

In response to the needs of market players, in 2022, a new and stronger combined tax and fee reduction will be implemented.

The first is to focus on the high-quality development of the manufacturing industry, promote technological innovation and innovation of enterprises, increase the value-added tax refund, and improve the policy of additional deduction for research and development expenses.

The second is to focus on small and micro enterprises and individual industrial and commercial households, and continue to implement the tax reduction and fee reduction measures to support small and micro enterprises and individual industrial and commercial households that expire at the end of 2021, so as to further ease the operating pressure of small and micro enterprises.

The third is to focus on enhancing local financial resources, continue to increase transfer payments, and avoid local discounts on tax and fee reductions due to insufficient financial resources.

Fourth, resolutely crack down on tax evasion and tax fraud, and resolutely stop arbitrary charges.

  (Our reporter Lu Yuanzhen)