The fiscal combination punch has helped local fiscal revenues soar

Mondo Finance Updated on 2024-01-30

The news of the closing of the financial work conference has arrived!In 2023, the state will intensify fiscal policy adjustment, play a good policy "combination punch", and effectively promote the economic recovery. Behind this, local fiscal revenues have also generally increased. According to statistics, from January to November this year, the local general public budget revenue exceeded 10 trillion yuan, a year-on-year increase of 87%, showing a good trend. Not only that, but the income of 31 provinces has also generally increased, showing a positive momentum of development. In the eastern, central, western and northeastern regions, revenue increased by more than 6% year-on-year, of which the western and northeastern regions increased by 12 respectively2% and 119%。

This means that the growth of local fiscal revenue shows a regional balance trend. The finance bureaus of Beijing and Sichuan provinces also said that the increase in income was mainly due to the support of optimizing the business environment and the development of high-quality industries, especially for small and medium-sized enterprises. However, despite the general growth of local fiscal revenues, they still maintain a state of "tight balance". Afterburner efficiency has become the key word of the financial departments in various places, and the development of the economy, the tightening of life, and the protection of the grassroots "three guarantees" are indispensable. Under such circumstances, it is necessary not only to maintain the growth of fiscal revenue, but also to ensure that the use of funds is efficient and reasonable.

The implementation of major national strategies such as the coordinated development of Beijing-Tianjin-Hebei and the construction of Beijing's urban sub-center requires Beijing's all-out efforts. Therefore, the Beijing Municipal Finance Department fully supports the development of high-tech industries and the growth of small, medium and micro enterprises through policy tools such as interest discounts, guarantees, awards and subsidies, and first-class procurement. At the same time, the financial departments of Shanxi and Sichuan provinces are also improving their efficiency to ensure that financial resources can meet the needs of the national strategic deployment and people's livelihood expenditure by reducing general expenditure and precise allocation of funds. It can be seen that although the growth of local fiscal revenues is gratifying, how to better maintain a "tight balance" and improve the efficiency of the use of fiscal funds is still a problem that needs to be solved urgently.

Only on the basis of improving efficiency can local finance better serve local economic development and improve people's livelihood, and make greater contributions to the sustained and steady growth of the national economy.

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