详解28省份前三季度财政收支，紧平衡态势依旧

Core Insights - Local governments are achieving fiscal balance primarily due to central government transfers and debt income, but the overall fiscal situation remains tight [1][2][3] - The overall local fiscal revenue has shown slight growth, while expenditures have also increased, with spending generally exceeding revenue to stabilize the economy and ensure public welfare [1][2] Fiscal Revenue - As of November 17, 28 provinces have reported their fiscal revenue for the first three quarters, with most showing stable revenue growth, particularly in Tibet and Jilin, which achieved double-digit growth rates [1][3][4] - Nationally, local general public budget revenue reached 93,039 billion yuan, a year-on-year increase of 1.8%, while expenditures totaled 177,056 billion yuan, growing by 2.4% [3][4] - The revenue growth rate varies significantly among provinces, with some like Shanxi, Shaanxi, Inner Mongolia, and Qinghai experiencing declines due to falling commodity prices [5][6] Fiscal Expenditure - Expenditure growth has generally outpaced revenue growth, highlighting the strong support from central fiscal transfers to ensure key public spending [2][10] - The highest expenditure growth was observed in Tibet at 13%, while most provinces reported growth rates below 3% [10] - Local governments are prioritizing spending on public welfare, with significant allocations to health, social security, and education [10] Regional Variations - Among the 28 provinces, 24 reported growth in general public budget revenue, with Tibet and Jilin leading with increases of 14.2% and 11.4%, respectively [4][5] - The fiscal performance of provinces varies widely, with some regions like Fujian showing significant disparities in revenue growth among its counties [8][9] Strategies for Fiscal Balance - To address fiscal imbalances, local governments are enhancing tax collection, optimizing asset management, and seeking central government support [11] - In October, the Ministry of Finance allocated 500 billion yuan to local governments to help manage existing debts and support key projects [11]