On the afternoon of August 29, Minister of Finance Xiao Jie was entrusted by the State Council to deliver the "Report of the State Council on Budget Implementation this Year" to the Standing Committee of the National People's Congress. What is the current financial operation situation?

What are the next important steps?

Which ones are being studied?

Which ones are going to break?

Very informative!

Real estate and other industries have seen rapid growth in tax revenue. "The fiscal operation is generally stable and the budget implementation is good." Xiao Jie said that from January to July, the national general public sector budget revenue was 11,076.246 billion yuan, an increase of 10%;

Budget expenditure is 11,697.938 billion yuan, an increase of 14.5%, which is 4.5 percentage points higher than the revenue growth rate in the same period this year.

In the "National General Public Budget Revenue" "account book", corporate income tax increased by 12.7%, and personal income tax increased by 18.5%.

Xiao Jie analyzed that the reasons for the rise of the two are respectively "driven by the rapid growth of corporate profits"; "affected by the growth of residents' income and the increase in income from property transfers."

In addition, the tax revenue of the energy raw materials industry has grown rapidly, and the tax revenue of mid-to-high-end manufacturing, wholesale and retail, real estate and other industries has increased rapidly. The construction and financial industries have experienced a decline in tax revenue due to the effect of tax reduction after the business tax reform.

Among other accounts, in the first seven months, the national government fund revenue was 2.839499 billion yuan, an increase of 31.6%; the national state-owned capital operating budget revenue was 70.284 billion yuan.

What deserves attention is the social insurance fund.

From January to June, the national social insurance fund revenue was 3.13929 billion yuan, an increase of 28.8%.

National social insurance fund expenditures were 2.46729 billion yuan, an increase of 23.8%.

Xiao Jie analyzed that the social insurance fund revenue and expenditure increased significantly, “mainly because some provinces started to implement the reform of the basic pension insurance system of government agencies and institutions, and integrated the basic medical insurance for urban residents and the new rural cooperative medical system into the basic medical insurance for urban and rural residents and increased the level of basic medical insurance for urban and rural residents.

Financing level. As of the end of June, the cumulative balance of the fund was 7.35866 billion yuan."

Progress has been made in deepening the reform of the tax system. Xiao Jie said that since the beginning of this year, progress has been made in deepening the reform of the fiscal and tax system.

In terms of improving the budget management system, we will clean up and standardize matters related to key expenditures and the increase in fiscal revenue and expenditure or GDP, improve the budget guarantee mechanism for key expenditures, and increase the efforts to clean up and integrate special transfer payments.

In terms of deepening the tax system reform, simplify the value-added tax rate structure; summarize and evaluate the water resources tax reform pilot situation in Hebei Province and study the expansion of the pilot scope; do a solid job in legislative work such as the ship tonnage tax law, the tobacco leaf tax law, and the farmland occupation tax law.

In terms of increasing tax and fee reductions, Xiao Jie said that efforts will be made to clean up and standardize enterprise-related charges: canceling urban utility surcharges and special funds for new wall materials.

Expand the scope of exemption from employment security funds for persons with disabilities and set an upper limit for collection standards.

Reduce the collection standards for major national water conservancy project construction funds and late-stage support funds for large and medium-sized reservoir resettlement.

Authorize local governments to independently reduce or exempt local water conservancy construction funds, local reservoir immigration support funds, etc.

Xiao Jie introduced that local government debt management has been strengthened since the beginning of this year, and a number of measures have been taken such as setting up a "negative list" to verify local government illegal financing issues and publicly expose typical cases. The relevant responsible persons have been

Punishments such as dismissal, administrative demotion, and fines will be given.

He said that the next step is to "insist on blocking the back door and open the front door to strictly control the increase, and resolutely block the "back door" of illegal and illegal borrowing. Local governments will all adopt the method of issuing government bonds to regulate debt and resolutely curb the increase in hidden debt. At the same time, open the "back door" of illegal borrowing.

We should make good use of the "front door" for legal and compliant borrowing, adapt to the needs of economic and social development in different regions, reasonably determine the debt limits of local governments in different regions, and steadily promote the reform of special bond management. "Actively and steadily resolve accumulated debt risks," he emphasized.

Local governments should implement the main responsibilities, increase accountability and investigation and punishment, improve the performance evaluation system, achieve lifelong accountability, and reverse the investigation of responsibilities."

In the next step, finance must do a good job in the five major tasks. Talking about the arrangements for the next step in financial work, Xiao Jie said that we will continue to conscientiously implement the decisions and arrangements of the Party Central Committee and the State Council, implement the relevant resolutions of the National People's Congress, adhere to the general tone of the work of seeking progress while maintaining stability, and better

Grasp the relationship between stability and progress, maintain policy continuity and stability, implement proactive fiscal policies, adhere to supply-side structural reform as the main line, moderately expand aggregate demand, strengthen forecast guidance, deepen innovation-driven development, and ensure stable and healthy economic development

, improve the quality and efficiency of economic operations; ensure that supply-side structural reforms are deepened and promote substantial progress in economic structural adjustment; and ensure that the bottom line of no systemic financial risks is maintained.

Focus on the following tasks: First, further implement more active and effective fiscal policies.

We will fully implement all tax and fee reduction measures that have been introduced, promptly investigate and deal with violations of laws and regulations, arbitrary fees and apportionments, and enhance the sense of gain for the people and market entities.

Efforts should be made to study and establish a fee catalog system for fiscal subsidies for public institutions.

Further strengthen the monitoring of local treasury operations, urge the acceleration of project implementation, and better release the effects of funds and policies.

Take out more high-quality assets, introduce various investments through the PPP model, and recycle the funds to continue to use them for the construction of new infrastructure and public utilities to achieve a virtuous cycle.