Most popular provinces warn of tight fiscal revenu

2022-08-01
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Early warning fiscal revenue tension in many provinces: next year is the most difficult year

early warning fiscal revenue tension in many provinces: next year is the most difficult year

China Construction Machinery Information

Guide: at present, semi annual fiscal work conferences have been held in many places. Based on the economic downturn, the growth rate of local fiscal revenue has declined to varying degrees, especially in the central and western provinces. Affected by the replacement of business tax with value-added tax, the cancellation of examination and approval authority, and the compression of central transfer payments, the disposable funds of all provinces have decreased

at present, semi annual fiscal work meetings have been held in many places. Based on the economic downturn, the growth rate of local fiscal revenue has declined to varying degrees, especially in the central and western provinces

affected by the change from business tax to value-added tax, the cancellation of approval authority and the compression of central transfer payment, the disposable funds of each province have decreased, while the fiscal expenditure has increased. The local debt has also reached the centralized payment period. It is expected that the contradiction between fiscal revenue and expenditure will further intensify. Many provinces are full of worries about future fiscal revenue

yesterday (August 6), wangyongjun, President of the Institute of Finance and economics of the Central University of Finance and economics, said in an interview with the daily economy (microblog) that the contradiction between fiscal revenue and expenditure is prominent, and local governments should make better use of fiscal funds. It is necessary to calculate accurately and clarify what is necessary and what is not

central and Western China's fiscal revenue decreased

according to the information previously released by the Ministry of finance, in the first half of this year, the central government's fiscal revenue was 3231.1 billion yuan, an increase of 1.5% year-on-year. Do you need an electronic universal testing machine or a hydraulic universal testing machine; The local fiscal revenue (at the same level) was 3628billion yuan, an increase of 13.5% year-on-year. Compared with the same period last year, it decreased by 0.9 percentage points

at present, all provinces have begun to publish the fiscal revenue in the first half of the year. Except that Guangdong, Zhejiang and other eastern coastal provinces rely on land finance to rebound against the trend, the growth rate of fiscal revenue in central and western provinces has declined to varying degrees. In the first half of last year, the local fiscal revenues of Guizhou, Hunan and Jiangxi increased by 36.36%, 29.1% and 32.3% respectively, while in the first half of this year, they increased by 18.5%, 16.2% and 19% respectively

resource oriented provinces are facing greater difficulties. In the first half of this year, Shaanxi's local fiscal revenue increased by 12.62%, down 3.86 percentage points from the first quarter. Although the provincial local fiscal revenue reached 51.18% of the annual budget, the provincial local fiscal revenue reached 23.005 billion yuan, accounting for only 46.42% of the annual budget, failing to achieve "half the time, half the progress"

even though more than half of the tasks have been completed, many provinces dare not relax. Qianguoyu, director of Henan finance department, said that in the first half of the year, the public budget revenue of Henan Province increased by 16.7%, 3.2 percentage points higher than the national average growth rate at the local level. However, from the perspective of the situation, the income growth rate in the first half of the year was lower than the data from January to May and from January to April, and the source fatigue has emerged

on August 3, at the video conference on financial work in Anhui Province, luojianguo, director of the finance department, was not optimistic about the financial situation. He said frankly, "next year will be the most difficult year for Anhui Province"

the contradiction between local fiscal revenue and expenditure intensifies

under the background of the slowdown in the growth of national fiscal revenue, the replacement of business tax with value-added tax and the cancellation of approval authority all affect local tax sources. Anhui said that, on the basis of the original structural tax reduction, the pilot areas and scope of "replacing business tax with value-added tax" in the province will be further expanded from August 1, and the impact on tax revenue will be further deepened. In addition, the government promised to "reduce more than one third of the administrative approval items", which will also bring a large reduction in non tax revenue

in addition, the central fiscal revenue in the first half of this year increased by only 1.5% compared with the same period last year, which mostly reflects the reduction of central transfer payments

with the decrease of fiscal revenue and central transfer payment, local people's livelihood expenditure only increases but not decreases, and the contradiction between local fiscal revenue and expenditure intensifies. Take Anhui as an example. This year, nearly 80billion yuan of new expenditures will be added. Not only Anhui, but also Qinghai, Jiangxi and other places have increased their fiscal expenditure. In the first half of this year, Qinghai spent 35.6 billion yuan on people's livelihood, an increase of 21.8% over the same period last year. Qinghai said that the provincial finance was "very difficult"

in addition to fiscal expenditure, a large number of local bonds in various regions also need funds. According to the information disclosed by the National Audit Office, about 53% of local debts will expire before the end of 2013, and many local debts can only issue new bonds to repay the old ones after maturity

the 2013 financial budget report of Zhejiang Province included the repayment of local government debt in the report, while Jiangsu Province also faced problems such as the maturity of local debt. Anhui Provincial Department of Finance disclosed that a total of 7.11 billion yuan of local debt needed to be repaid in 2013 when Anhui local debt reached the centralized repayment period. Hard spending and debt repayment tasks have made Anhui's already tense financial situation worse, and the contradiction between fiscal revenue and expenditure has become more prominent

LEGO has tried some building blocks with a kind of impact modified polylactic acid. Previously, scholars in the industry believed that with the further decline in the growth rate of fiscal revenue and the further increase in the implementation of fiscal expansion and other expenditures, the contradiction between fiscal revenue and expenditure may become more prominent

in this regard, wangyongjun said, "In response to the financial contraction caused by the economic downturn, local governments need to make expenditure adjustment in the short term. In the medium and long term, it is necessary to diversify local financial resources, involving the planning of local economy and industry. While local fiscal expenditure remains flexible, it is necessary to clearly distinguish what is necessary expenditure. Statutory expenditure such as people's livelihood can not be reduced under any circumstances, and conference, travel and some investment expenditure can be reduced."

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