为“十五五”良好开局夯实财政基础

Core Viewpoint - The report on Beijing's budget execution for 2025 and the draft budget for 2026 highlights a stable growth in public budget revenue, with a focus on implementing proactive fiscal policies to support the city's development during the 14th Five-Year Plan and set a strong foundation for the 15th Five-Year Plan [1][4]. Group 1: 2025 Budget Execution - The total public budget revenue for 2025 reached 668.06 billion yuan, marking a growth of 4.8%, with a tax revenue share of 86.5% [2][3]. - The city's public budget expenditure for 2025 was 840.19 billion yuan, also reflecting a 4.8% increase, with a focus on optimizing expenditure structure and enhancing government financial capacity [2][3]. - The fiscal policies included measures such as reducing non-essential expenditures by 1.82 billion yuan and conducting performance evaluations on 84 existing expenditure policies [2][3]. Group 2: Review of the 14th Five-Year Plan - Over the past five years, the fiscal policies have reduced tax burdens for businesses by over 490 billion yuan, fostering a positive cycle of economic growth and fiscal revenue [3]. - The average annual growth rate of public budget revenue was 4%, with tax revenue consistently accounting for around 85% of total revenue [3]. - Public budget and government fund expenditures totaled nearly 1.2 trillion yuan over five years, with over 300 billion yuan allocated to social welfare, maintaining a focus on high-quality development [3]. Group 3: Outlook for 2026 - The expected public budget revenue for 2026 is projected to be 695 billion yuan, with an anticipated growth of around 4% [4][5]. - The expenditure plan for 2026 is set at 860.02 billion yuan, emphasizing strategic investments in key areas such as urban governance and social welfare [5]. - The fiscal department aims to enhance the efficiency of fund usage through zero-based budgeting and performance management, aligning fiscal resources with demographic changes [5].