7月证券交易印花税同比增长1.25倍

Core Viewpoint - The article discusses the fiscal revenue and expenditure situation in China for the first seven months of 2025, highlighting significant changes in various tax revenues and expenditures, particularly in the context of securities transaction stamp duty and overall budget performance [1][2]. National General Public Budget Revenue Situation - From January to July 2025, the national general public budget revenue reached 135,839 billion yuan, a year-on-year increase of 0.1% [3]. - Tax revenue totaled 110,933 billion yuan, showing a slight decline of 0.3% year-on-year, while non-tax revenue increased by 2% to 24,906 billion yuan [3]. - Central government revenue was 58,538 billion yuan, down 2% year-on-year, while local government revenue increased by 1.8% to 77,301 billion yuan [3]. Major Tax Revenue Items - Domestic value-added tax amounted to 42,551 billion yuan, up 3% year-on-year [4]. - Domestic consumption tax reached 10,213 billion yuan, reflecting a growth of 2.1% [4]. - Corporate income tax was 30,566 billion yuan, showing a slight decline of 0.4% [5]. - Personal income tax increased by 8.8% to 9,279 billion yuan [6]. - Import goods value-added tax and consumption tax totaled 10,300 billion yuan, down 6.1% [7]. - Export tax rebates were 14,065 billion yuan, up 9.7% [8]. - Stamp duty revenue was 2,559 billion yuan, with securities transaction stamp duty at 936 billion yuan, marking a significant increase of 62.5% [11]. National General Public Budget Expenditure Situation - Total expenditure from January to July 2025 was 160,737 billion yuan, a year-on-year increase of 3.4% [20]. - Central government expenditure was 23,327 billion yuan, up 8.8%, while local government expenditure increased by 2.5% to 137,410 billion yuan [20]. Major Expenditure Items - Education expenditure reached 24,438 billion yuan, growing by 5.7% [21]. - Social security and employment expenditure was 27,621 billion yuan, reflecting a growth of 9.8% [24]. - Health expenditure totaled 12,402 billion yuan, up 5.3% [25]. - Expenditure on urban and rural community services decreased by 3.5% to 11,185 billion yuan [27]. National Government Fund Budget Revenue Situation - Government fund budget revenue for the first seven months was 23,124 billion yuan, down 0.7% year-on-year [31]. - Central government fund budget revenue was 2,596 billion yuan, up 8.8%, while local government fund budget revenue decreased by 1.8% to 20,528 billion yuan [31]. National Government Fund Budget Expenditure Situation - Total expenditure from January to July 2025 was 54,287 billion yuan, a significant increase of 31.7% [32]. - Central government fund budget expenditure was 7,109 billion yuan, up 4.5 times, while local government fund budget expenditure increased by 18.1% to 47,178 billion yuan [32].