28省份上半年财政数据出炉，下半年收支矛盾仍突出︱财税益侃

Core Viewpoint - Local fiscal revenue is expected to continue growing in the second half of the year, with potential fluctuations in the third quarter, necessitating close monitoring and timely fiscal policy adjustments [2][3]. Revenue Analysis - In the first half of the year, local general public budget revenue increased by 1.6% year-on-year, driven primarily by non-tax revenue growth, indicating a weak recovery [2][3]. - Among 31 provinces, 27 reported revenue growth, with Jilin showing the highest increase at 16.4%, while four provinces, including Shaanxi and Shanxi, experienced declines [3][4]. - The average growth rate of local general public budget expenditure was 2.6%, surpassing revenue growth, as 24 out of 28 provinces maintained increased spending to support livelihoods and stabilize the economy [1][3]. Regional Disparities - There are significant disparities in fiscal performance at the municipal and county levels, with some areas experiencing robust growth while others face severe fiscal challenges [6][7]. - For instance, in Fujian, 75.6% of counties reported positive revenue growth, while some regions continue to struggle with low real estate tax and land transfer income [6][8]. Fiscal Challenges - Despite overall revenue growth, many provinces face ongoing fiscal pressures due to rising rigid expenditures, such as debt repayments and social welfare commitments [9][10]. - The fiscal situation remains complex, with local governments emphasizing the need for increased revenue through legal tax collection and asset management, while also implementing spending cuts on non-essential expenditures [10][11]. Policy Measures - Local governments are taking steps to enhance revenue, including comprehensive asset audits and adjustments to tax policies, while prioritizing essential spending to ensure basic livelihood protections [10][11].