National fiscal revenue increased by 3.4% year-on-year.

Statistics released by the Ministry of Finance on July 16 show that in the first half of the year, the national general public budget revenue reached 10784.6 billion yuan, an increase of 3.4% over the same period last year. Among them, the national tax revenue was 9242.4 billion yuan, an increase of 0.9% over the same period last year. Industry experts believe that, on the whole, fiscal revenue in the first half of the year ran smoothly. If factors such as tax cuts are restored, the growth rate of national fiscal revenue basically matches the growth rate of GDP at present price and remains within a reasonable range. The data shows that in the first half of the year, the revenue of the central general public budget reached 5158.9 billion yuan, an increase of 3.4% over the same period of last year, while that of the local general public budget reached 5625.7 billion yuan, an increase of 3.3% over the same period of last year. The national non-tax revenue reached 1542.2 billion yuan, an increase of 21.4% over the same period last year. Liu Jinyun, director of the Treasury Centralized Payment Center of the Ministry of Finance, said that in the first half of this year, the active fiscal policy was intensified and effective measures were taken by the central and local financial departments to ensure that tax cuts and fee cuts took root. The effect of tax reduction and fee reduction has continued to increase, and the related income has declined or the growth rate has fallen year-on-year, which is evident in manufacturing and other industries. In the first half of the year, the cumulative growth rate of tax revenue in China fell by 13.5 percentage points compared with that in 2018.

From the perspective of major income items, in the first half of the year, domestic value-added tax reached 3557 billion yuan, an increase of 59%, domestic consumption tax reached 847.1 billion yuan, an increase of 23.3%, enterprise income tax reached 259.9 billion yuan, an increase of 53%, personal income tax reached 563.9 billion yuan, a decrease of 30.6%, and import goods value-added tax and consumption tax reached 82.6%. 9.1 billion yuan, down 2.7% year-on-year; tariffs reached 14.5 billion yuan, down 3.4% year-on-year. In terms of expenditure, in the first half of the year, the national expenditure on general public budget reached 123,533.8 billion yuan, an increase of 10.7% over the previous year. Among them, the central general public budget expenditure at the corresponding level reached 1689 billion yuan, an increase of 9.9% over the same period of last year; the local general public budget expenditure reached 106,644.8 billion yuan, an increase of 10.8% over the same period of last year. In the first half of the year, the budgetary revenue of the national government funds reached 3178.1 billion yuan, an increase of 1.7% over the previous year. Among them, the budgetary revenue of the central government funds increased by 3.5%, the budgetary revenue of the local government funds increased by 1.6% and the revenue of the transfer of the right to the use of state-owned land decreased by 0.8%. In the first half of the year, the budget expenditure of the national government funds reached 3715 billion yuan, an increase of 32.1% over the previous year. Among them, the central government budget expenditure at the basic level increased by 8.1%, the local government budget expenditure increased by 32.8% and the state-owned land use right transfer income arrangement increased by 11.5%.

"The Ministry of Finance will continue to earnestly implement the decision-making and deployment of the Central Committee of the Party and the State Council in order to nail down the spirit of the nail and carefully implement the tax reduction and fee reduction policy." Xu Guoqiao, inspector of the Taxation Department of the Ministry of Finance, said that in view of the new situations and problems arising in the implementation of the policy, we should make good plans in advance and constantly improve policy measures to ensure that tax burden in all industries is reduced but not increased. Focus on the effect of implementing policies and measures, further strengthen supervision and inspection, and seriously investigate and deal with problems such as policy failure, increasing the burden of enterprises and damaging the interests of the masses.

Influenced by the implementation of tax reduction and fee reduction, the growth of fiscal revenue slowed down this year, and the pressure of revenue and expenditure increased. Hao Lei, deputy director of the Budget Department of the Ministry of Finance, said that the central government should speed up the progress of transferring payments to local governments. At the same time, it should actively supervise and guide local governments to strengthen budgetary management of revenue and expenditure, do a good job of financial security at the grass-roots level, and ensure that the "three guarantees" of wages, operation and basic livelihood do not go wrong.