news

Behind the increase in non-tax revenue in many places

2024-08-14

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

Data from the Ministry of Finance shows that in the first half of 2024, the national general public budget revenue was 11,591.3 billion yuan, a year-on-year decrease of 2.8%; among the general public budget revenue, national tax revenue was 9,408 billion yuan, a year-on-year decrease of 5.6%; non-tax revenue was 2,183.3 billion yuan, a year-on-year increase of 11.7%.

The reporter found that among the 15 provinces that have announced the sub-item data of fiscal revenue and non-tax revenue, only Chongqing and Shaanxi have seen a decline in the proportion of non-tax revenue to general public budget revenue, while 13 provinces including Beijing, Tianjin, Shanxi, Guizhou, Yunnan, Inner Mongolia, Gansu, Jiangxi, Shandong, Liaoning, Jilin, Hunan and Fujian have seen a year-on-year increase in the proportion of non-tax revenue. Among them, Fujian's non-tax revenue accounted for 42.3% in the first half of 2024.

General public budget revenue is divided into tax revenue and non-tax revenue. Common non-tax revenue includes administrative and institutional fee revenue, government fund revenue, fines and confiscations revenue, paid use of state-owned resources (assets), state-owned capital gains, etc. Generally speaking, the higher the proportion of tax revenue, the higher the quality of fiscal revenue.

A local finance department official told reporters that in the first half of 2024, most of the counties and cities in his area had achieved year-on-year non-tax revenue growth to varying degrees. The main growth points include state-owned capital operation income, paid use of state-owned resources, and the revitalization of existing assets. The main reason for the growth of non-tax revenue is insufficient tax sources. When the existing tax sources are unable to support the expected growth of fiscal revenue, local governments have to tap the potential for non-tax revenue growth.

In the article "Inventory of First-Hand Fiscal Data" by China Chengxin International Research Institute, it is mentioned that non-tax revenue continued to grow in the first half of the year, with a cumulative year-on-year growth of 11.7%, 1.4 percentage points faster than the previous month, and a year-on-year growth of 16.4% in June, 0.6 percentage points faster than the previous month; in the first half of this year, non-tax revenue accounted for 18.8% of general public budget revenue, up 2.4 and 1.9 percentage points from the same period last year and January-May this year respectively, making a significant contribution to the growth of general public budget revenue.