(Economic Observation) The State Council executive meeting emphasized the cake cutting rules: Guan Jin Min Yu

　　China News Service, Beijing, July 15 (Reporter Zhao Jianhua) The executive meeting of the State Council of China held on the 14th once again emphasized that the government should stay tight and let the people live a good life; reduce taxes and fees and support the development of the real economy, especially small, medium and micro enterprises Policies and measures to benefit enterprises and the people must be put in place.

Both refer directly to "pockets": treasury expenditures, corporate wallets.

　　Benefiting from the obvious effect of economic recovery, China's fiscal revenue has shown a recovery growth this year.

Cumulatively from January to May, the national general public budget revenue increased by 24.2% year-on-year.

This is an increase of 7.3% over the same period in 2019.

However, as the effect of new tax reduction policies such as increasing the proportion of corporate R&D expenses plus deductions is gradually released, and at the same time, affected by the relatively high base in the second half of last year, it is expected that the annual income growth will show a trend of high and low, and the overall fiscal revenue and expenditure Still in tight balance.

　　The executive meeting of the State Council emphasized that although the current financial situation is improving, the reduction of funds for the "three publics" cannot be relaxed, financial discipline must be strictly enforced, and administrative operation costs must not be "opened" in violation of regulations.

　　The government's demand for tight life has been around for a long time.

The 2020 Central Accounts Report released last month showed that last year's central government expenditures at the same level had a negative growth, of which non-urgent and non-rigid expenditures were reduced by more than 50%.

The central government’s "San Gong" funds totaled 2.986 billion yuan (RMB, the same below), a decrease of 2.531 billion yuan from the budget.

　　This year, non-urgent non-rigid expenditures continued to be reduced.

From January to May, the time for the central general public budget at this level to deduct part of the expenditures was reduced by 3.3% compared with last year.

Yu Mingxuan, director of the Policy Science Research Center of Renmin University of China, believes that in recent years, the central government has taken the initiative to implement the requirements of the tight life and strictly control and reduce the expenditure of the "three public" funds.

At the same time, due to the epidemic and other factors, some of the tasks of going abroad (border) on business and receiving foreign affairs were not implemented last year, and expenditures on official vehicles and official reception decreased.

　　Li Xuhong, director of the Institute of Fiscal and Taxation Policy and Application of Beijing National Accounting Institute, said that the executive meeting of the State Council emphasized strict financial discipline and prohibits illegal government expenditures. This is to coordinate financial resources and concentrate financial resources to support high-quality development.

　　Also benefited from the obvious effect of economic recovery. From January to April, the total profits of Chinese industrial enterprises above designated size increased by 1.06 times year-on-year, an average increase of 22.3% in two years.

However, the price of bulk commodities has risen sharply, raising the cost of enterprises, making it difficult for small, medium and micro enterprises.

　　The executive meeting of the State Council emphasized that the established policies and measures to benefit enterprises and people, such as tax reduction and fee reduction, job stabilization and employment expansion, and financial support for the real economy, especially the development of small, medium and micro enterprises, must be put in place.

We will manage and use the funds for the elderly, education, medical care, housing and other people’s livelihoods, and never allow embezzlement and misappropriation.

Ensure the safety of public funds and public property, and be accountable to the people.

　　In order to help market players recover their vitality and increase their vitality, China will continue to implement systemic tax reduction policies this year, such as lowering the value-added tax rate, value-added tax rebates, and special additional deductions for personal income tax, so as to continue to release the superimposed effects of policies.

　　While implementing the policy of inclusive tax and fee reduction for small and micro enterprises, the tax reduction and exemption for small and micro enterprises and individual industrial and commercial households will be increased, and the VAT threshold for small-scale taxpayers will be increased from monthly sales of 100,000 yuan to 150,000 yuan Yuan; for small and micro enterprises and individual industrial and commercial households whose annual taxable income is less than 1 million yuan, on the basis of the current preferential policies, the income tax will be halved.

　　The cake segmentation tilts towards enterprises and people's livelihood.

Tang Jiqiang, CEO and chief researcher of the West Finance Think Tank of Southwestern University of Finance and Economics, analyzed that small and medium-sized enterprises that have recovered from the epidemic still need to be tempered, and changes in the external environment will also lead to a series of "chain reactions". Support for small and medium-sized enterprises must be provided. patient.

Small and medium-sized enterprises have weak anti-risk capabilities and need to implement detailed tax and fee reduction policies to support them.

Only when small and medium-sized enterprises develop well can the employment situation be better.

Supporting the development of SMEs is also an important part of the people's livelihood project.

(Finish)