The fiscal deficit rate of 2.5 trillion yuan in tax cuts and rebates is expected to return to within 3% for the whole year
my country's fiscal budget arrangement in 2022 is very powerful
□ Our reporter Wan Jing
Today, the State Council’s report on the implementation of the central and local budgets in 2021 and the draft central and local budgets in 2022 (hereinafter referred to as the “budget report”) disclosed to the public that through a package of tax and fee reduction measures, it is expected that the annual tax reduction will be about 2.5 trillion yuan. Yuan, of which about 1.5 trillion yuan is retained for tax rebates, and the funds go directly to enterprises.
At the same time, in order to maintain fiscal sustainability and maintain an appropriate expenditure intensity, the deficit rate this year is about 2.8%, and the deficit rate has returned to within 3%, reflecting my country's current stable and proactive fiscal policy.
Foreign trade, investment and consumption are the "troikas" that drive the economy. This year, my country's government special bond quota of 3.65 trillion yuan will be used to expand investment, which is the same as last year.
From the expansion of the scale of tax and fee concessions, to the steady operation of the fiscal deficit ratio, and to the firm promotion of government investment, this year's fiscal budget arrangement is very well-organized. Against the background of more complex, severe and uncertain, my country's fiscal policy has truly achieved "stable progress".
All tax refund funds go directly to the enterprise
Tax and fee reduction is an important measure to implement a proactive fiscal policy and support the bailout and development of market players, and it is the most beneficial policy for enterprises.
Compared with the scale of tax reduction and fee reduction of 1.1 trillion yuan last year, my country's tax reduction and fee reduction this year is even greater. It is estimated that the annual tax reduction and tax rebate will be about 2.5 trillion yuan, and the burden reduction this time is second only to 2020. (Tax and fee reductions exceed 2.6 trillion yuan).
According to the budget report, a new combined tax and fee support policy will be implemented in 2022. The basic principle is to adhere to the combination of phased measures and institutional arrangements, and to implement both tax reduction and tax refund.
On the one hand, continue to implement the tax and fee reduction policies that support the manufacturing industry, small and micro enterprises, and individual industrial and commercial households, and increase the rate of reduction and exemption, and expand the scope of application.
Phased VAT exemption for small-scale taxpayers.
For the part of the annual taxable income of small and micro enterprises from 1 million yuan to 3 million yuan, the corporate income tax will be halved.
On the other hand, comprehensively considering providing cash flow support for enterprises, promoting consumption investment, and vigorously improving the VAT refund system, a large-scale tax refund will be implemented for the remaining tax this year.
Priority will be given to small and micro enterprises, and the existing tax credits for small and micro enterprises will be refunded in full before the end of June, and the incremental tax credits will be refunded in full.
Focus on supporting the manufacturing industry, and comprehensively solve the problem of tax refunds in industries such as manufacturing, scientific research and technical services, ecological environmental protection, electricity and gas, and transportation.
The value-added tax credits and tax refunds have been significantly increased to effectively boost market confidence.
Fan Yun, deputy to the National People's Congress and part-time vice-chairman of the Shanghai Federation of Industry and Commerce, was very touched after seeing this year's tax cuts and fee reductions. She told reporters: "The annual tax reduction and tax rebate is about 2.5 trillion yuan, of which about 2.5 trillion yuan is left over. 1.5 trillion yuan, and all the tax rebate funds will go directly to the enterprise. This is equivalent to giving the enterprise a real cash flow, which is of extraordinary significance to the enterprise in the current economic environment!”
Regarding the provision of "prioritizing small and micro enterprises, and refunding all existing tax credits for small and micro enterprises at one time before the end of June", Lai Xiufu, deputy to the National People's Congress and director of the Trust Department of the China Banking and Insurance Regulatory Commission, believes that this reflects the precise control of my country's fiscal policy. Features.
Small, medium and micro enterprises account for a very large proportion of the market in my country, and they have weak anti-risk capabilities. Implementing targeted tax preferential policies for such market entities will greatly help increase the vitality of my country's economic development and promote the healthy development of the market.
Central authorities lead the way
The fiscal deficit ratio is a key indicator to measure the aggressiveness of a country's fiscal policy.
According to the budget arrangement, my country's deficit rate this year is planned to be around 2.8%, which is lower than last year. In addition, certain state-owned financial institutions and specialized institutions have turned over the profits accumulated in recent years according to law, and transferred them into the budget stability adjustment fund. The national general public budget expenditure arrangement 26.71 trillion yuan, an increase of more than 2 trillion yuan over last year, an increase of 8.4%.
In this regard, Shi Zhengwen, director of the Fiscal and Taxation Law Research Center of China University of Political Science and Law, analyzed that before the epidemic, my country's deficit rate had been kept within 3% (inclusive).
In order to cope with the impact of the epidemic and increase fiscal expenditure, the deficit will increase in 2020, with the deficit rate exceeding 3% in the past two years.
This year, the deficit rate has returned to within 3%, which is also to maintain the sustainability of fiscal policy.
Although the deficit rate has declined, the scale of fiscal expenditure has continued to expand, and the proactive fiscal policy has not diminished.
In accordance with the requirement to keep the overall government leverage ratio basically stable, a new quota of local government special bonds of 3.65 trillion yuan will be arranged in 2022, the same as last year.
"Investment, foreign trade and consumption are the 'troika' of driving economic growth. The bond quota remains at the level of last year, which also reflects the unabated government investment this year. The government has set an example for driving the economy." Shi Zhengwen said.
Government investment is more inclined to people's livelihood projects, increasing efforts to make up for shortcomings in the field of social and people's livelihood, and at the same time increasing support for scientific and technological research, ecological environmental protection, modern agriculture and other fields.
While expanding investment, it is necessary to reduce the fiscal deficit rate. How should the "national account book" be balanced?
The budget report proposes that the central departments take the lead in living a tight life, focusing on ensuring rigid expenditures and urgently needed expenditures, strictly controlling general expenditures, strengthening the budget management of "three public" funds, and striving to reduce administrative operation costs. Governments at all levels must also be strict and strict, and free up more financial resources to improve basic people's livelihood and support the development of market players.
Fan Yun analyzed and pointed out that under the current economic downward pressure, it is necessary to expand government investment, which is also one of the important contents of active fiscal policy. Among them, special bonds have become one of the most direct and effective policy tools for the government to stimulate investment.
The introduction of a package of policies to benefit the people and help enterprises, and a series of measures to expand domestic demand and strengthen the market are undoubtedly significant benefits for the majority of enterprises, and greatly stimulate the confidence and determination of entrepreneurs to start their own businesses.
Make financial discipline a "high-voltage line"
The tax and fee reduction policies of "real money" and "a lot of benefits" also require serious financial discipline and financial regulations to restrict and regulate them.
The budget report proposes to resolutely stop the illegal use of financial funds, tax evasion, and financial fraud.
Strictly implement financial laws and regulations and management regulations, tighten the "cage" of the system, and resolutely maintain the seriousness of the system.
Manage and use financial funds well, standardize revenue and expenditure behavior, and must not build buildings and halls in violation of regulations, and must not engage in performance projects and image projects.
Improve the tax collection and management system, crack down on tax evasion and fraud and other acts in accordance with the law, further standardize the order of financial auditing, and curb financial fraud.
Organize and carry out special rectification actions for local financial order, and severely investigate and punish violations, making financial discipline an untouchable "high-voltage line".
At the same time, we will prevent and resolve the hidden debt risks of local governments, resolutely curb new hidden debts of local governments, strengthen budget constraints and the management of government investment projects, and always maintain a high-pressure situation of supervision.
Those who raise illegal and illegal debt financing must be strictly held accountable.
Zhu Lieyu, deputy to the National People's Congress and director of Guangdong Guoding Law Firm, analyzed that in recent years, my country's economy has continued to develop steadily, and its economic and financial strength has continued to grow, becoming the second largest economy in the world.
On the one hand, such large-scale financial funds have laid a solid material foundation for promoting high-quality economic and social development and meeting people's needs for a better life; Department is a complex system engineering.
Therefore, we must strictly implement the various requirements of financial discipline, and we must realize that serious financial discipline is related to the image of the party and the government, and must be adhered to at any time and under any circumstances.
Beijing, March 5th, this newspaper