Since the beginning of this year, with the steady recovery of the economy, the growth rate of fiscal revenue has stabilized and increased, but some local governments have also experienced tight fiscal balance. Focusing on the concerns of all parties, Xinhua News Agency reporters conducted in-depth local interviews and interviewed authoritative government departments and experts. Calculate the "revenue and expenditure account" of local governments: In order to clarify the financial operation status of local governments, it is necessary to calculate the "revenue and expenditure account". Recently, various provinces have successively released local fiscal revenue and expenditure "ledgers" for the first quarter, showing that the year-on-year growth rate of fiscal revenue in Henan and Ningxia exceeded 10%, Sichuan and Gansu exceeded 9%, and Jiangsu, Zhejiang, Anhui, Liaoning and other provinces exceeded 7%. The vast majority of provinces have achieved positive income growth. From the overall situation of local finance, the data released by the Ministry of Finance shows that in 2022, the local general public budget revenue at the same level reached 10.88 trillion yuan, an increase of 5.9% after deducting the tax rebate factor; Local general public budget expenditure reached 22.5 trillion yuan, an increase of 6.4% compared to the previous year. In the first four months of this year, local general public budget revenue at the same level reached 4561 billion yuan, a year-on-year increase of 14.8%; Local general public budget expenditure reached 7622.2 billion yuan, a year-on-year increase of 6.9%. The average growth rate of local fiscal expenditure in the past three years has reached 3.4%, which is a tight balance state, but also a state of overall increase. The budget implementation situation is relatively good, "said the relevant person in charge of the Ministry of Finance. By comparing the above data in depth, it can be found that there is a certain gap between local fiscal revenue and expenditure. This is because local financial resources are not equal to the local general public budget revenue at the same level. In fact, about 40% of local financial resources currently come from transfer payments from the central government. In recent years, the central government has increased its financial support to local governments, "said He Daixin, director of the Finance Research Office of the Institute of Financial Strategy at the Chinese Academy of Social Sciences. According to data obtained from the Ministry of Finance, in 2022, the scale of central to local transfer payments reached 9.71 trillion yuan. In the past five years, the scale of central to local transfer payments has reached 40.66 trillion yuan, with an average annual growth rate of 8.4%. 10.06 trillion yuan - This year, the scale of central to local transfer payments has reached a new high in recent years. Among them, balanced transfer payments increased by 10.3%, and county-level basic financial security mechanism subsidy funds increased by 8.7%. In addition, a one-time arrangement will be made to support grassroots implementation of special transfer payments such as tax reduction and fee reduction, as well as key livelihood issues, totaling 500 billion yuan. At present, the central government is urgently issuing local transfer payment budgets in accordance with regulations, ensuring that all funds that meet the conditions for issuance are 'allocated to the next level', leaving more ample time for local allocation and use of funds, "said the relevant person in charge of the Ministry of Finance. Several experts and scholars pointed out that although fiscal revenue is expected to recover this year, challenges and risks still exist. Through analyzing relevant financial data and conducting a questionnaire survey on 521 financial departments in cities and counties across the country, the relevant research group of the Chinese Academy of Financial Sciences believes that based on a short-term perspective, it holds positive and optimistic expectations for the fiscal operation in 2023; Under the situation of economic stabilization and recovery, it is expected that the fiscal revenue, especially tax revenue, will be good in 2023
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：XinhuaNet
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