Core Viewpoint - Guangdong's fiscal budget for 2025 shows a stable growth trajectory, with public budget revenue reaching 1.39 trillion yuan, marking a 3% increase, while expenditures are projected at 1.82 trillion yuan, reflecting a 1.1% growth, emphasizing strong support for public welfare and economic stability [1][2][3] Fiscal Revenue and Expenditure - In 2025, Guangdong's general public budget revenue is expected to be 1.39 trillion yuan, maintaining the top position in the country for 35 consecutive years, with a tax revenue share of 73.3%, up by 0.8 percentage points from the previous year [1] - The total public budget expenditure is projected to be 1.82 trillion yuan, with a focus on social welfare spending amounting to 1.28 trillion yuan, accounting for over 70% of total expenditures [1] Investment and Economic Stability - Guangdong plans to issue 573.6 billion yuan in new special bonds in 2025 to counter economic downturns, with over 600 million yuan allocated to major projects like the Guangzhang High-speed Railway [2] - The province has also pioneered the issuance of special bonds for the acquisition of idle land to alleviate liquidity pressures on real estate companies [2] Consumer Spending Initiatives - The provincial government has allocated 36 million yuan for a "trade-in" program for consumer goods, which has led to sales exceeding 2.66 billion yuan, demonstrating an effective leverage of fiscal policy to stimulate consumption [3] - Additional funding of 35 million yuan has been set aside for consumer activities linked to major events, promoting local consumption through various incentives [3] Support for Enterprises - A three-year plan includes 136 million yuan to support manufacturing and high-tech enterprises through loan interest subsidies and financing guarantees, aimed at enhancing the business environment [4] - Policies such as VAT deductions and R&D expense deductions are being implemented to reduce the financial burden on enterprises [4] Fiscal Reform and Local Government Support - The reform of the fiscal system at the provincial level aims to enhance local financial autonomy, with a notable increase in tax revenue share for 57 counties by 7 percentage points [4] - The provincial government is focusing on balancing regional development, particularly between the Pearl River Delta and the less developed areas [4] Future Fiscal Outlook - For 2026, the expected general public budget revenue is projected at 1.44 trillion yuan, with a 3% growth, while expenditures are anticipated to reach 1.83 trillion yuan, reflecting a 1% increase [6] - The fiscal policy will continue to emphasize effective investment and consumption stimulation, with a focus on social welfare and infrastructure development [6][8] Social Welfare and Infrastructure Investment - In 2026, over 700 million yuan will be allocated to support social welfare initiatives, including education, healthcare, and housing [8][10] - Specific allocations include 344.74 million yuan for education funding and 64.56 million yuan for housing security projects [10]
2026年,广东全省一般公共预算支出预计达1.83万亿元
Nan Fang Du Shi Bao·2026-01-26 09:24