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透视前7个月“国家账本” 改善“民之关切”兜底百姓民生
Yang Shi Wang·2025-08-20 07:21

Core Insights - The Ministry of Finance reported that the national general public budget revenue showed the highest growth in July, with the cumulative growth for January to July turning positive for the first time this year [1][5]. Revenue Performance - In July, the national general public budget revenue reached 202.73 billion yuan, a year-on-year increase of 2.6%, with central and local revenues growing by 2.2% and 3.1% respectively, marking the highest monthly growth of the year [3]. - For the period of January to July, the total national general public budget revenue was 1,358.39 billion yuan, reflecting a growth of 0.1%, which is an increase of 0.4 percentage points compared to the first half of the year [5]. Tax Revenue Trends - Tax revenue showed a significant narrowing of decline, with July tax revenue at 180.18 billion yuan, a year-on-year increase of 5%, continuing to recover since April [8]. - From January to July, total tax revenue was 1,109.33 billion yuan, down by 0.3%, but this decline was 0.9 percentage points less than in the first half of the year. Domestic value-added tax and domestic consumption tax grew by 3% and 2.1% respectively, with increases of 0.2 and 0.4 percentage points compared to the first half [8]. Sector Performance - The equipment manufacturing and modern service industries showed strong tax revenue performance, with tax revenue from railway, shipbuilding, and aerospace equipment growing by 33%, and computer and communication equipment by 10.1% [10]. - The scientific research and technical service industry saw a tax revenue increase of 12.7%, while the cultural, sports, and entertainment sectors grew by 4.1% [10]. Expenditure Overview - National general public budget expenditure maintained growth, with total expenditure from January to July reaching 1,607.37 billion yuan, a year-on-year increase of 3.4% [11]. - Key areas of expenditure included social security and employment, which grew by 9.8%, education by 5.7%, and health by 5.3%, while housing security expenditure saw a slight increase of 0.2% [13].