Revenue Summary - In 2025, the national general public budget revenue is projected to be 21.6 trillion yuan, a decrease of 1.7% compared to 2024 [1][2] - Tax revenue is expected to reach 17.64 trillion yuan, showing a growth of 0.8%, while non-tax revenue is anticipated to decline by 11.3% to 3.97 trillion yuan [1][2] - Central government budget revenue is forecasted at 9.4 trillion yuan, down 6.5%, while local government budget revenue is expected to increase by 2.4% to 12.21 trillion yuan [1][2] Expenditure Summary - Total national general public budget expenditure is projected to be 28.74 trillion yuan, an increase of 1% from 2024 [1][3] - Central government budget expenditure is expected to rise by 5.7% to 4.3 trillion yuan, while local government budget expenditure is projected to grow by 0.2% to 24.44 trillion yuan [1][3] Tax Revenue Insights - Domestic value-added tax is expected to grow by 3.4%, and domestic consumption tax is projected to increase by 2%, driven by tobacco and fuel [2] - Corporate income tax is anticipated to rise by 1%, with a notable increase in manufacturing sector contributions [2] - Key industries such as equipment manufacturing and modern services are expected to show strong tax revenue performance, with specific sectors like computer communication equipment manufacturing seeing a 13.5% increase [2] Local Government Revenue Growth - Local general public budget revenue is projected to reach 12.21 trillion yuan, reflecting a 2.4% increase, with 27 out of 31 regions expected to see revenue growth [3] - The increase in local revenue is attributed to improved economic conditions, despite some regions facing declines due to commodity price fluctuations [3] Key Expenditure Areas - Significant increases in spending are expected in social security and employment (6.7%), education (3.2%), and health (5.7%) [3] - The government is focusing on optimizing expenditure structure to ensure robust support for key areas [3] Government Fund Budget - Government fund budget revenue is projected to decline by 7% to 5.77 trillion yuan, while expenditure is expected to rise by 11.3% to 11.29 trillion yuan, primarily due to accelerated bond fund usage [4] Childcare Subsidy Initiative - A new childcare subsidy policy is set to allocate approximately 100 billion yuan, marking a significant direct cash support initiative for families [5][6] - The subsidy is designed to be inclusive, ensuring equal access regardless of urban or rural status, and is exempt from personal income tax [6] - The implementation of the subsidy is being closely monitored to ensure efficient distribution and management of funds [7]
2025年国家“账本”:财政收入21.6万亿元
Mei Ri Jing Ji Xin Wen·2026-02-01 13:05