煤炭大省陕西去年财政收入下滑，今年预计增长3%｜地方预算观察

Core Viewpoint - The financial revenue of Shaanxi province has declined due to falling coal prices and related economic factors, contrasting with the growth seen in most other provinces in China [1][2]. Financial Performance - In 2025, Shaanxi's general public budget revenue is projected to be 3289.4 billion yuan, a decrease of 3.1% compared to the previous year, falling short of the target by 205.5 billion yuan [1]. - The province's government fund budget revenue is expected to be 1072.1 billion yuan in 2025, down 35.9% from the previous year, significantly lower than the peak of 2385.4 billion yuan in 2021 [3]. Economic Indicators - Shaanxi's GDP is expected to grow by approximately 5% in 2026, maintaining a similar growth rate to 2025 [6][8]. - The province's economic structure has shifted, with a notable decline in resource tax revenue, which fell by 11.5% to 407.2 billion yuan [2]. Budget and Expenditure - The general public budget expenditure for 2025 is anticipated to be 7093.4 billion yuan, a decrease of 2.8%, while spending on essential areas such as social security is expected to increase [5][10]. - In 2026, the expected general public budget expenditure is projected to be 6684.4 billion yuan, with a focus on social security and employment support [10]. Future Outlook - The budget report suggests a cautious optimism for 2026, with a target revenue growth of 3% for the general public budget, which is higher than the previous year's actual decline [8]. - The government plans to enhance revenue management and address financial risks while ensuring support for essential services and local governments [9][10].