2021年财政政策执行情况报告出炉

Core Viewpoint - The report highlights the significant growth in China's fiscal revenue in 2021, with total public budget revenue surpassing 20 trillion yuan for the first time, indicating a recovery in the economy and effective tax policies [1] Group 1: Fiscal Revenue and Taxation - In 2021, China's total public budget revenue reached 20.25 trillion yuan, a year-on-year increase of 10.7% and a 6.4% increase compared to 2019, exceeding revenue targets [1] - Tax revenue amounted to 17.27 trillion yuan, reflecting an 11.9% year-on-year growth, driven by increases in major tax categories such as domestic VAT (11.8%), domestic consumption tax (15.4%), and corporate income tax (15.4%) [1] - Non-tax revenue was recorded at 2.98 trillion yuan, showing a 4.2% increase year-on-year [1] Group 2: Fiscal Policy and Support for Market Entities - The fiscal department has implemented innovative macro-control measures and optimized tax reduction policies to support market entities, resulting in a reduction of approximately 1.1 trillion yuan in taxes and fees in 2021 [1] - The report emphasizes the importance of market entities in economic development and the need for continued support through fiscal measures [1] Group 3: Local Government Financing and Debt Management - In 2021, the National People's Congress approved an additional local government special bond quota of 3.65 trillion yuan, with 3.5 trillion yuan allocated for project construction [2] - A total of 3.43 trillion yuan in new local government special bonds were issued, accounting for 98% of the allocated quota, primarily directed towards key areas such as transportation infrastructure and social projects [2] Group 4: Future Fiscal Policy Directions - For 2022, the report outlines six key areas for fiscal policy focus, including enhanced tax reduction measures, maintaining appropriate spending intensity, and supporting key project construction through local government special bonds [3] - The report stresses the importance of fiscal discipline and the need for government agencies to operate efficiently [3]