Tax revenue in October increased 3% year-on-year, and economic operations continued to recover steadily.

Original title: October tax revenue increased 3% year-on-year and economic operations continued to recover steadily

On November 18, the Ministry of Finance announced the tax revenues and expenditures for October.

In October, the national general public budget revenue was 1,753.1 billion yuan,Year with yearA 3% increase. Reduce the specificState financial institutionsTransferred to central companiesprofitAfter raising the base factor, national income increased around 9% in October and the real growth rate continued to increase with respect to the previous month, reflecting the positive effect of the continuous and sustained recovery in economic operations.

Overall, from January to October, the national general public budget revenue was 158.53 trillion yuan, a year-on-year decrease of 5.5%, and the rate of decline decreased by 0.9 percentage points from January to September. Further,National tax revenue1.354.4 billion yuan, down 4.6% year-on-year, and the cumulative decline narrowed for six consecutive months. In October, the national tax collection increased by 11.2%.

　　Implementation of the rescue policyTax subjectGrowth recovered

Statistics show that from January to October, the central general public budget revenue was 736.9 billion yuan, a year-on-year decrease of 8.7%; local general public budget revenue was 8492.4 billion yuan, a year-on-year decrease of 2.4%. National tax revenue was 13.504.4 billion yuan, a year-on-year decrease of 4.6%; non-tax revenue was 2.348.9 billion yuan, a year-on-year decrease of 10.3%.

Among tax revenues, domestic value added taxes amounted to 4.855.5 billion yuan, a year-on-year decrease of 11.4%. The domestic consumption tax was 1.144.6 billion yuan, down 5.6% year-on-year.companyIncome tax3.5543 million yuan, a year-on-year decrease of 2.2%. Personal income tax was 954.5 billion yuan, a year-on-year increase of 8.8%.

It is understood that in October, the national tax collection increased by 11.2%. In terms of taxation, the implementation of large-scale aid policies for companies has accelerated, and the recovery of production and business operations has accelerated.Industrial added value, Service industry production index,Business benefitsMain economic indicatorsContinuous improvement, The growth rate of the main fiscal category rebounded.

Among them, the domestic value added tax increased by 9.1% (industrydealThe reforms of the value added tax and the corporate tax increased by 11.9% and 6.8%, respectively),Corporate taxIt increased by 15.7%, the personal income tax increased by 23.7% and the value added tax on imported goods increased by 6.3%. Simultaneously,real estatemarketHeat up, driveTax on deeds、landThe value added tax increased 38.5% and 15.3%, respectively.

A financial expert told the “Daily Economic News” reporter that sinceIncomePredicting the trend, the main economic indicators will continue the growth of the recovery by the end of this year, tax revenue is expected to maintain growth, and the cumulative decline in tax revenue will gradually reduce.

Financial income and expenses in the first three quarters of 2020 held in OctoberPress conferenceIn the above, Liu Jinyun, director of the Treasury Payments Center of the Ministry of Finance, looked forward to the fiscal revenue in the fourth quarter and said that the basis for the growth of the economic recovery will be further consolidated.industryAdded value, corporate benefits,import and exportContinued restorative growth in other important economic indicators will drive growth in major tax categories such as value added tax, corporate income tax, and import link taxes to continue to rise.

　　Add special itemLinkMore than 3 trillion yuan has been spent

In terms of fiscal spending, from January to October, the national general public budget spending was 1.89439 trillion yuan, 0.6% less year-on-year, and the rate of decline decreased by 1.3 percentage points from January to September. .

Specifically, people’s livelihoods are still heavily spent. Social security andjobSpending was 2.5865 million yuan, an increase of 8.2% year-on-year; health spending was 1.4343 billion yuan, an increase of 4% year-on-year.

How about issuing special bonds towards the end of the year?

In 2020, the National People’s Congress approved the arrangement of new special bond installments of 3.75 trillion yuan. Approved by the State Council, it was recently issued to support the resolution of local small and medium-sized enterprises.BankThe newly added special risk bond quota has been issued by region. As of October 31, the country’s new local special bond issues amounted to 3.5466 billion yuan, in addition to supporting the resolution of local small and medium-sized enterprises.BankExcept for the risk part, the advance of the issue is 99.9%.

Approved by the State Council on November 11, the new special bond installment of 200 billion yuan was issued for the first time to support the resolution of small and medium-sized enterprises.Bankrisk.

As of October 31, 3.06 trillion yuan had been spent on newly issued special bonds, representing 86% of the issuance scale.

In accordance with policy deployment, rationally expand the scope of special bonds as eligible capital for large projects and increase the proportion of special bonds used as project capital from 20% to 25%. The data shows that more than 300 billion yuan in special bonds have been used as capital for major eligible projects in various regions to play a leading role in the “four-two-for-all”.

(Source: Daily Economic News)

(Responsible editor: DF524)