深圳今年如何“花钱”？财政将支持实施提振消费专项行动

Core Insights - Shenzhen's budget report for 2025 and draft for 2026 highlights a strong financial position with a general public budget revenue of 11,302 billion yuan in 2025, marking five consecutive years above 10,000 billion yuan [1] - The report emphasizes a focus on enhancing public welfare and economic development through strategic fiscal policies and spending [6] Revenue Structure - Shenzhen's local revenue reached 4,163.8 billion yuan in 2025, reflecting a growth of 6.4%, with tax revenue contributing 3,510.6 billion yuan, a 7.5% increase, and non-tax revenue at 653.1 billion yuan, growing by 0.6% [1] - Tax revenue accounts for 84.3% of the local revenue, positioning Shenzhen's revenue structure among the best in the country [1] Expenditure Overview - The total general public budget expenditure for 2025 is set at 4,502.5 billion yuan, with nine categories of public welfare spending amounting to 3,048.8 billion yuan, representing 67.7% of total fiscal expenditure [3] - Key areas of spending include education, healthcare, and social welfare, with initiatives for free preschool education and enhanced healthcare funding [3][6] Debt Management - Shenzhen's local government debt limit for 2025 is set at 1,063 billion yuan, with all issued bonds comprising 68 billion yuan in general bonds and 995 billion yuan in special bonds [4] - The focus on special bonds aims to support infrastructure, social welfare, and investment expansion [4] Future Fiscal Policies - For 2026, Shenzhen plans to maintain a proactive fiscal policy, with public welfare spending expected to remain around 65% of total fiscal expenditure [6] - The city aims to stimulate consumption through fiscal subsidies and support for various sectors, including automotive and electronics [8] - There is a commitment to fostering a modern industrial system and enhancing the business environment for private enterprises [8]