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Huainan's fiscal situation is stable and improving

2024-08-20

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Da Wan News Recently, reporters learned from a press conference held by the Huainan Municipal Government Information Office that since the beginning of this year, financial departments at all levels in the city have taken the three-year action plan to improve fiscal performance as a starting point, and have done a good job in "increasing revenue, reducing expenditure, and increasing efficiency", striving to achieve a quantitative and qualitative increase in fiscal revenue, steady progress in fiscal operations, and stable and controllable debt risks, contributing fiscal strength to economic and social development.

Huang Shixing, deputy director of the Huainan Municipal Finance Bureau, introduced at the press conference that in the first half of the year, the city's general public budget revenue reached 7.64 billion yuan, a year-on-year increase of 5.2%, ranking first in the province. Tax revenue reached 5.15 billion yuan, accounting for 67.4% of the tax revenue, 4 percentage points higher than the average level of cities; non-tax revenue reached 2.49 billion yuan, an increase of 26.4%. In terms of levels, the city level reached 2.02 billion yuan, an increase of 9.0%, and the county level reached 5.62 billion yuan, an increase of 3.9%. The economic development zone and Maoji experimental zone led the growth rate. In the first half of the year, the city's general public budget expenditure reached 16.46 billion yuan, a year-on-year increase of 5.8%. Thirteen categories of people's livelihood expenditures reached 13.61 billion yuan, accounting for 82.7% of fiscal expenditures. Social security and employment, education, agriculture, forestry and water expenditures are large in scale, and energy conservation, environmental protection, science and technology expenditures are at the forefront. In terms of levels, the city level expenditures reached 5.15 billion yuan, an increase of 6.6%, and the county level expenditures reached 11.31 billion yuan, an increase of 5.5%.

Huang Shixing introduced that the city's fiscal operation has four main characteristics: leading revenue growth and a slight decline in tax revenue. The city's general public budget revenue growth rate is 5.3 percentage points ahead of the average level of prefecture-level cities, tax revenue has decreased by 2.6%, and the six major tax types have "two increases and four decreases". Both the coal and power industries have reduced revenue. Affected by the decline in the market price of thermal coal and sluggish production and sales, the coal industry has collected 2.1 billion yuan in full-caliber tax revenue, a year-on-year decrease of 0.7 billion yuan, a decrease of 3.2%. The power industry collected 1.63 billion yuan in full-caliber tax revenue, excluding deferred payment and one-time factors, a comparable increase of 4.1%. The manufacturing industry has recovered steadily. The manufacturing industry collected 1.04 billion yuan in full-caliber tax revenue, excluding the impact of factors such as the delayed payment of taxes by the manufacturing industry in the same period last year, a comparable increase of 16.7%, continuing the growth momentum since last year. Real estate revenue is still declining, and the role of finance and construction in driving growth is obvious. Affected by the sluggish land market, the decline in market transactions, especially the lack of incremental housing sales, the real estate industry lost 70 million yuan in revenue, a decrease of 6.5%; the acceleration of the construction of major projects and key projects boosted the growth of tax revenue in the construction industry, with the total tax revenue of the construction industry reaching 840 million yuan, an increase of 170 million yuan, an increase of 25.7%, driving the growth of tax revenue by 1.7 percentage points. The tax revenue of the financial industry increased by 180 million yuan, an increase of 31.1%, driving the growth of tax revenue by 1.8 percentage points.

Da Wan News reporter Zhang Anhao

Editor Wang Cui

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