财政部最新发布！1—7月证券交易印花税同比增长62.5%

Core Insights - The Ministry of Finance reported that from January to July 2025, the national general public budget revenue reached 135,839 billion yuan, showing a year-on-year growth of 0.1% [1] - Tax revenue totaled 110,933 billion yuan, reflecting a year-on-year decline of 0.3%, while non-tax revenue increased by 2% to 24,906 billion yuan [1] - General public budget expenditure for the same period was 160,737 billion yuan, marking a year-on-year increase of 3.4% [1] Revenue Breakdown - Central government revenue was 58,538 billion yuan, down 2% year-on-year, while local government revenue was 77,301 billion yuan, up 1.8% [1] - Major tax categories included domestic value-added tax at 42,551 billion yuan (up 3%), domestic consumption tax at 10,213 billion yuan (up 2.1%), personal income tax at 9,279 billion yuan (up 8.8%), and stamp duty at 2,559 billion yuan (up 20.7%) [1] - Notably, the securities transaction stamp duty reached 936 billion yuan, a significant increase of 62.5% year-on-year [1] Expenditure Breakdown - Total general public budget expenditure was 160,737 billion yuan, with central government expenditure at 23,327 billion yuan (up 8.8%) and local government expenditure at 137,410 billion yuan (up 2.5%) [1] - Key expenditure categories included education at 24,438 billion yuan (up 5.7%), social security and employment at 27,621 billion yuan (up 9.8%), and health care at 12,402 billion yuan (up 5.3%) [2] Government Fund Budget - Government fund budget revenue was 23,124 billion yuan, down 0.7% year-on-year, with central government revenue at 2,596 billion yuan (up 8.8%) and local government revenue at 20,528 billion yuan (down 1.8%) [2] - Land use rights transfer revenue was 16,950 billion yuan, reflecting a decline of 4.6% [2] - Government fund budget expenditure reached 54,287 billion yuan, a substantial increase of 31.7%, with central government expenditure at 7,109 billion yuan (up 4.5 times) and local government expenditure at 47,178 billion yuan (up 18.1%) [2]