财政收入延续增长 年内税收累计增幅首次转正

Core Viewpoint - The overall fiscal performance in China for the first eight months of the year shows a stable trend, with an improvement in revenue structure and strong support for key expenditure areas, indicating a positive economic outlook [1][2][3] Revenue Summary - In August, the national general public budget revenue reached 1.24 trillion yuan, a year-on-year increase of 2%, with both central and local revenues growing by 2% [1] - For the first eight months, the total general public budget revenue was 14.82 trillion yuan, reflecting a growth of 0.3%, which is an improvement of 0.2 percentage points compared to the previous seven months [1] - Tax revenue for the first eight months amounted to 12.11 trillion yuan, showing a slight increase of 0.02% year-on-year, marking the first positive growth [1] - Key tax categories such as domestic value-added tax, domestic consumption tax, and personal income tax grew by 3.2%, 2%, and 8.9% respectively, indicating stable growth [1] Expenditure Summary - National general public budget expenditure for the first eight months was 17.93 trillion yuan, a year-on-year increase of 3.1%, with social security and employment expenditures rising by 10% and education expenditures by 5.6% [2] - The increase in fiscal expenditure reflects a more proactive fiscal policy, effectively supporting livelihoods and contributing to stable economic operations [2] - The issuance and utilization of bond funds accelerated, with 3.39 trillion yuan spent from various government bonds, leading to a 30% increase in government fund budget expenditures [2] Overall Assessment - The fiscal situation is improving, with a stable overall performance in the first eight months, optimized revenue structure, and strong support for key expenditure areas [3] - Continued proactive fiscal policy is necessary to enhance economic and fiscal interaction, focusing on expanding effective demand and improving livelihoods [3]