The Ministry of Finance announced on the 17th that the monthly growth rate of general public budget revenue in China continued to increase in October, and the cumulative growth rate steadily rebounded. The national general public budget expenditure has maintained growth, and expenditures in key areas have been guaranteed. In October, the national general public budget revenue was 2.26 trillion yuan, a year-on-year increase of 3.2%. Among them, the central and local incomes increased by 2.3% and 4% respectively. From January to October, the national general public budget revenue was 1.865 trillion yuan, an increase of 0.8%, which is 0.3 percentage points higher than the growth rate from January to September. Tax revenue continues to grow rapidly. In October, the national tax revenue was 2.07 trillion yuan, an increase of 8.6%, which was basically the same as the previous month's 8.7%. From January to October, the national tax revenue was 1.534 trillion yuan, an increase of 1.7%, with a growth rate 1 percentage point higher than that from January to September. Among them, domestic value-added tax, domestic consumption tax, corporate income tax, and personal income tax increased by 4%, 2.4%, 1.9%, and 11.5% respectively, with growth rates increasing by 0.4, 0.2, 1.1, and 1.8 percentage points respectively from January to September. The tax performance of industries such as equipment manufacturing and modern services is good. The tax revenue of the computer communication equipment manufacturing industry increased by 12.7%, the tax revenue of the electrical machinery and equipment manufacturing industry increased by 7.9%, and the tax revenue of the scientific research and technology service industry increased by 14.8%. Financial departments at all levels are implementing more proactive fiscal policies, increasing expenditure intensity, optimizing expenditure structure, and continuously strengthening expenditure guarantees for key areas. From January to October, the national general public budget expenditure reached 22.58 trillion yuan, a year-on-year increase of 2%. Among them, social security and employment expenditure increased by 9.3%, education expenditure increased by 4.7%, health expenditure increased by 2.4%, science and technology expenditure increased by 5.7%, and energy conservation and environmental protection expenditure increased by 7%. Meanwhile, from January to October, the national government fund budget revenue was 3.45 trillion yuan, a year-on-year decrease of 2.8%; The national government fund budget expenditure was 8.09 trillion yuan, an increase of 15.4%. (New Society)
Edit:Yao jue Responsible editor:Xie Tunan
Source:People's Daily
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