江西财政收入低速增长，今年预计增长0.5%

Core Viewpoint - Jiangxi Province's fiscal revenue and expenditure data reveal a mixed economic outlook, with a slight increase in general public budget revenue but a significant decline in government fund revenue, indicating ongoing challenges in the local economy [2][3][5]. Fiscal Revenue - In 2025, Jiangxi's general public budget revenue is projected to be CNY 307.92 billion, reflecting a growth of 0.4%, ranking 16th nationally and improving by one position from 2024 [2]. - The province's economic output is expected to reach CNY 3.602 trillion in 2025, with a year-on-year growth of 5.2%, surpassing the national average by 0.2 percentage points [2]. Government Fund Revenue - The government fund budget revenue for 2025 is anticipated to be CNY 159.27 billion, representing a decline of 12.2%, which is worse than the initial forecast of -8.7% [5]. - This marks the fifth consecutive year of decline in government fund revenue, nearly halving from its peak of CNY 310.15 billion in 2020 [5]. Fiscal Expenditure - Despite weak revenue growth, Jiangxi's general public budget expenditure is set at CNY 742.69 billion for 2025, with a year-on-year increase of 1.9%, and approximately 80% of this expenditure is allocated to social welfare [6]. - The province has implemented measures to reduce ineffective spending, cutting over CNY 20 billion in low-efficiency expenditures and reducing "three public" expenses by 21% [6]. Future Projections - For 2026, the general public budget revenue is projected to be CNY 309.5 billion, a growth of 0.5%, while the government fund budget revenue is expected to rise by 2% to CNY 162.45 billion [7]. - The general public budget expenditure for 2026 is estimated at CNY 784.86 billion, reflecting a growth of 3.7%, with a continued focus on improving social welfare [7]. Key Focus Areas - The budget report outlines six key priorities for the fiscal year, including stringent financial management, deepening tax reforms, and enhancing local government debt management [8].