7月份证券交易印花税同比增长125%

Summary of Key Points Core Viewpoint - The Ministry of Finance reported that the fiscal revenue and expenditure data for the first seven months of the year showed signs of recovery, with a notable increase in public budget revenue and a narrowing decline in tax revenue. Revenue Performance - In July, the national general public budget revenue reached 202.73 billion yuan, a year-on-year increase of 2.6%, marking the highest monthly growth rate of the year. Cumulative revenue from January to July was 1,358.39 billion yuan, with a slight year-on-year increase of 0.1% [1] - Tax revenue in July was 180.18 billion yuan, showing a year-on-year growth of 5%. Cumulative tax revenue from January to July was 1,109.33 billion yuan, reflecting a decline of 0.3%, which is an improvement compared to the 1.2% decline in the first half of the year [1] - Specific tax categories showed varied performance: domestic VAT grew by 3%, domestic consumption tax by 2.1%, and personal income tax by 8.8%, all improving compared to the first half of the year. Corporate income tax revenue was 305.66 billion yuan, down 0.4%, but the decline was less severe than in the first half [1][2] Sector-Specific Tax Revenue - From January to July, stamp duty revenue reached 255.9 billion yuan, a significant year-on-year increase of 20.7%. The securities transaction stamp duty was 93.6 billion yuan, up 62.5% year-on-year [2] - The equipment manufacturing and modern service industries performed well in terms of tax revenue, with notable increases in sectors such as railway, shipbuilding, aerospace, and computer communication equipment [2] Expenditure Performance - National general public budget expenditure grew, with a total of 1,607.37 billion yuan spent from January to July, reflecting a year-on-year increase of 3.4%. Central government expenditure was 233.27 billion yuan, up 8.8%, while local government expenditure was 1,374.10 billion yuan, up 2.5% [2][3] - Key expenditure areas included social security and employment (27.62 billion yuan, +9.8%), education (24.44 billion yuan, +5.7%), and health (12.40 billion yuan, +5.3%) [3] Bond Issuance and Fund Utilization - The issuance and utilization of bond funds accelerated, with 2.89 trillion yuan spent on local government special bonds and other long-term bonds from January to July, contributing to a 31.7% increase in government fund budget expenditure [3]