Zhongxin Finance, April 20. On the 20th, the Ministry of Finance responded to a reporter's question about the fiscal revenue and expenditure in the first quarter of 2022, saying that the fiscal revenue in the first quarter of 2022 will be generally stable.
The Ministry of Finance said that in the first quarter, the national general public budget revenue increased by 8.6% year-on-year, mainly due to the sustained and stable economic recovery in the first two months and the year-on-year increase in the ex-factory prices of industrial producers, and the overall stable operation of fiscal revenue.
Financial departments at all levels resolutely implemented the decisions and arrangements of the Party Central Committee and the State Council, and continued to accelerate the progress of fiscal expenditure. In the first quarter, the national general public budget expenditure increased by 8.3% year-on-year, and the expenditure in key areas such as people's livelihood was effectively guaranteed.
From the perspective of tax revenue, in the first quarter, the national tax revenue increased by 7.7% year-on-year.
Among the main taxes, the domestic value-added tax increased by 3.6%, which was mainly driven by the increase in industrial added value, the increase in the ex-factory price of industrial producers, and the continued implementation of the tax deferred policy for small, medium and micro enterprises in the manufacturing industry.
The corporate income tax increased by 9.8%, mainly due to the steady recovery of the industrial economy and the increase in profits of industrial enterprises. The income tax of industrial enterprises increased by 20.4%, while the income tax of real estate and construction enterprises decreased year-on-year.
The personal income tax increased by 16.5%, which was not only driven by the growth of residents' income, but also related to the transfer of property such as equity and the increase in dividend income.
Taxes on imports increased by 21.6%, mainly driven by the rise in international bulk commodity prices and the continued rapid growth of general trade imports.
Export tax rebates increased by 118.5 billion yuan year-on-year, an increase of 31.3%, which strongly supported export growth.
From the perspective of non-tax income, in the first quarter, the national non-tax income increased by 14.2% year-on-year, mainly due to the revitalization of idle assets through multiple channels in some regions, and the increase in the special income of oil special income fund and special income of mineral resources caused by the rise in energy and resource prices.
From the perspective of fiscal expenditure, in the first quarter, the national general public budget expenditure increased by 8.3% year-on-year, which was 23.8% of the budget, and the progress was 0.3 percentage points faster than the same period last year.
Expenditures in key areas such as people's livelihood were effectively guaranteed, and expenditures on science and technology, education, agriculture, forestry, water, social security and employment, and health and health increased by 22.4%, 8.5%, 8.4%, 6.8%, and 6.2% respectively.
From the perspective of the central and local governments, in the first quarter, the central government's expenditure increased by 4.5% year-on-year, and after deducting the expenditure on the issuance of government bonds and reserves, it increased by 2.4%; the local fiscal expenditure increased by 8.8% year-on-year, which is 24.6% of the budget, and the progress is compared with the same period last year. 0.4 percentage points faster.