📋 Tender Overview
Beijing August 30 Reporter Qu Zhehan The Report on the Implementation of Chinas Fiscal Policy in the First Half of 2022 hereinafter referred to as the Report recently released by the Ministry of Finance shows that in the first half of the year the financial department implemented a proactive fiscal policy It is necessary to improve efficiency pay more attention to the requirements of precision and sustainability strengthen the overall planning of financial resources implement a new combined tax and fee support policy rationally arrange the scale of debt ensure the intensity of fiscal expenditure optimize the focus and structure of expenditure and promote the decline of financial resources. The improvement of peoples livelihood has played a positive role in stabilizing the macroeconomic market.According to the Report the budget implementation in the first half of the year was generally good. From January to February the national general public budget revenue increased by 10.5 year-on-year. In March affected by the complicated situation at home and abroad and the epidemic the growth rate of revenue for the month fell to 3.4 year-on-year. In April and May fiscal revenue declined due to the impact of the centralized implementation of the VAT credit and refund policy. With the gradual improvement of the epidemic situation and the further manifestation of the effect of economic stabilization policies fiscal revenue stabilized and rebounded in June with an increase of 5.3 after deducting the factor of tax rebates and the growth rate turned from negative to positive.In the first half of the year the fiscal and taxation departments adhered to the combination of phased measures and institutional arrangements adding 507.4 billion yuan in tax rebates reducing taxes and fees and handling 1845.5 billion yuan in tax rebates effectively reducing the burden and relief of market players effectively boosting market players confidence and enhancing development. endogenous power.In the first half of the year the financial department made a deep and detailed reserve of special bond projects made good use of special bonds as the capital policy for major projects optimized the investment fields of special bonds and expanded effective investment. From January to June all localities issued a total of 3.41 trillion yuan of new special bonds basically completing the issuance task.
