前10月财政“成绩单”：质效提升 支撑有力

Core Insights - The article highlights the positive trends in China's fiscal operations from January to October, indicating a steady recovery in revenue and optimized expenditure structure, which supports high-quality economic development and modernization efforts [1][2]. Revenue Summary - From January to October, the national general public budget revenue reached 18.649 trillion yuan, a year-on-year increase of 0.8%, with a notable monthly growth trend [1]. - Tax revenue was particularly strong, amounting to 15.336 trillion yuan, reflecting a year-on-year growth of 1.7%, while non-tax revenue decreased by 3.1% to 331.26 billion yuan [1]. - Key tax categories showed growth, with domestic value-added tax at 588.58 billion yuan (up 4%) and corporate income tax at 391.82 billion yuan (up 1.9%) [1]. - The securities transaction stamp duty surged to 162.9 billion yuan, marking an 88.1% increase year-on-year, contributing to an overall stamp duty growth of 29.5% [1]. Expenditure Summary - National general public budget expenditure for the same period totaled 22.5825 trillion yuan, reflecting a year-on-year increase of 2% [2]. - Expenditure allocation favored social welfare and strategic sectors, with social security and employment spending at 377.42 billion yuan (up 9.3%), education spending at 341.17 billion yuan (up 4.7%), and health spending at 168.77 billion yuan (up 2.4%) [2]. - The focus on key areas such as technology, environmental protection, and social welfare demonstrates the government's commitment to stabilizing employment and improving living standards [2]. Policy Direction - The Ministry of Finance emphasizes the importance of proactive fiscal policies during the 14th Five-Year Plan period, aiming to support the realization of socialist modernization [3]. - Key strategies include maintaining a strong expenditure intensity, optimizing fiscal resource allocation towards high-quality development sectors, and ensuring policy coherence across fiscal, monetary, and industrial strategies [3].