透视前8个月“国家账本” 聚焦重点领域兜牢民生保障

Core Insights - The Ministry of Finance reported that from January to August, the national general public budget revenue reached nearly 15 trillion yuan, while expenditure was close to 18 trillion yuan [1] - In August, the national general public budget revenue was 1.24 trillion yuan, showing a year-on-year growth of 2%, continuing the growth trend [3] - For the first eight months, the national general public budget revenue was 14.82 trillion yuan, an increase of 0.3%, with the growth rate improving by 0.2 percentage points compared to January to July [5] - Notably, the cumulative growth rate of tax revenue turned positive for the first time [5] Revenue Analysis - In August, national tax revenue grew by 3.4% year-on-year, maintaining positive growth for five consecutive months [7] - From January to August, national tax revenue totaled 12.11 trillion yuan, which is 2.6 billion yuan more than the same period in 2024, reflecting a slight increase of 0.02% [7] - By tax type, domestic value-added tax, domestic consumption tax, and individual income tax showed stable growth, while the cumulative growth of corporate income tax turned positive [9] Expenditure Analysis - From January to August, national general public budget expenditure was 17.93 trillion yuan, a year-on-year increase of 3.1%, with key areas of expenditure well-supported [13] - Expenditures in education, social security and employment, and health care all grew by over 5% year-on-year [13] - Additionally, local government special bonds and other long-term bonds contributed to a significant increase in government fund budget expenditure, which grew by 30% [15]