Core Insights - China's fiscal revenue for the first three quarters of the year reached 163,876 billion yuan, showing a year-on-year growth of 0.5%, with tax revenue contributing 132,664 billion yuan and a growth of 0.7% [1][2] Group 1: Fiscal Revenue Trends - The growth rate of fiscal revenue has been increasing quarterly, with a decline of 1.1% in Q1, a recovery to 0.6% in Q2, and a notable increase of 2.5% in Q3 [1] - In Q3, tax revenue showed steady growth, with domestic value-added tax increasing by 3.6% and corporate income tax rising by 0.8%, indicating a recovery in industrial profits [1] Group 2: Non-Tax Revenue and Expenditure - Non-tax revenue for the first three quarters was 31,212 billion yuan, reflecting a decline of 0.4%, with a significant drop in penalty income by 7% [2] - Total public budget expenditure reached 208,064 billion yuan, marking a year-on-year increase of 3.1%, with the highest growth rates in social security, education, and health sectors in three years [2] Group 3: Government Fund Budget - The decline in government fund budget revenue narrowed by 1.9 percentage points compared to the first half of the year, while expenditure grew by 23.9%, driven by accelerated use of bond funds [2] - A total of 42,100 billion yuan was spent from various government bonds, enhancing economic momentum and supporting ongoing economic recovery [2]

Core Insights - The national general public budget revenue for the first three quarters reached 163,876 billion yuan, reflecting a year-on-year growth of 0.5%, indicating a positive trend in China's economy [1] - Tax revenue, a key component of the budget, amounted to 132,664 billion yuan, with a growth rate of 0.7%, showcasing resilience despite challenges in the economic environment [1] Revenue Breakdown - The domestic value-added tax, the largest tax type, grew by 3.6% year-on-year, outperforming the overall budget revenue growth by 3.1 percentage points [2] - Corporate income tax increased by 0.8%, with a notable acceleration of 2.7 percentage points compared to the first half of the year, reflecting improved market vitality and industrial profits [2] - Non-tax revenue totaled 31,212 billion yuan, showing a decline of 0.4%, with specific items like state-owned resource usage income increasing by 4% while penalty income dropped by 7% [2] Regional Performance - Local public budget revenue grew by 1.8% year-on-year, with 27 out of 31 regions experiencing positive growth, indicating overall stability in local finances [3] Government Fund Revenue - Government fund revenue, primarily from land sales, reached 30,717 billion yuan, down by 0.5%, with land use rights income declining by 4.2% [4] - The government is accelerating funding through bond issuance, with net financing of government bonds amounting to 11.46 trillion yuan, an increase of 4.28 trillion yuan year-on-year [4] Expenditure Insights - General public budget expenditure for the first three quarters was 20.81 trillion yuan, reflecting a year-on-year increase of 3.1%, with significant growth in social security, education, and environmental protection spending [5] - Government fund expenditure rose by 23.9% to 7.49 trillion yuan, driven by the effective use of bond funds [5][6]

Core Insights - The national general public budget revenue for the first three quarters of the year reached 16.39 trillion yuan, reflecting a year-on-year growth of 0.5% [1] - The recovery in fiscal revenue growth indicates a generally stable and improving economic operation [1] Revenue Breakdown - Tax revenue increased by 0.7% year-on-year, with the largest tax category, domestic value-added tax, growing by 3.6%, surpassing the overall budget revenue growth by 3.1 percentage points [1] - Corporate income tax, the second largest tax category, saw a year-on-year increase of 0.8%, with the growth rate expanding by 2.7 percentage points compared to the first half of the year, indicating a notable recovery in industrial enterprise profits [1] - Non-tax revenue decreased by 0.4%, a decline of 4.1 percentage points compared to the first half of the year, with state resource usage income increasing by 4% due to local governments activating assets through various channels [1] Local Government Revenue - Local general public budget revenue grew by 1.8% year-on-year, maintaining this growth rate for three consecutive months since July [2] - Among 31 provinces, autonomous regions, and municipalities, 27 regions achieved positive growth compared to the same period last year, despite some areas being affected by falling prices of bulk commodities like coal [2]

Core Points - The article discusses the non-tax revenue, specifically focusing on the Large and Medium-sized Reservoir Resettlement Support Fund, which is established to assist rural migrants affected by large and medium-sized reservoirs in solving their production and living issues, promoting sustainable economic and social development in the reservoir and resettlement areas [1][3]. Group 1: Fund Overview - The Large and Medium-sized Reservoir Resettlement Support Fund is a government fund aimed at supporting rural migrants from large and medium-sized reservoirs [3]. - The fund was collected by the tax authorities starting from January 1, 2019 [4]. Group 2: Collection Scope - The fund is collected from provincial power grid enterprises based on the total electricity sold within their respective provinces, with certain exemptions such as distributed photovoltaic self-consumed electricity and agricultural production electricity [5]. Group 3: Collection Standards and Procedures - In Chongqing, the collection standard is set at 6.225 cents per kilowatt-hour (0.006225 yuan per kilowatt-hour) [6]. - The fund is to be declared and paid monthly, with the deadline for declaration being the 15th of each month, and a final settlement by March 31 of the following year based on actual sales and self-consumed electricity [6][10]. Group 4: Declaration and Payment Methods - The declaration for the fund is done using the "General Non-Tax Revenue Declaration Form," and can be submitted through the electronic tax bureau or in person at tax service halls [6][11]. - The electronic declaration process involves logging into the electronic tax bureau, selecting the appropriate options, and submitting the declaration [8][10].

欢迎扫描下方二维码关注： 非税收入是指除税收收入以外， 由各级国家机关、事业单位、代行政府职能的社会团体及其他组织依法利用国家权力、政 府信誉、国有资源（资产）所有者权益等取得的各项收入。 税务部门征收非税收入起步于1986年教育费附加的开征。为了让您 更清晰地了解非税收入相关政策、掌握申报流程，我们特推出"非税"合集，为大家介绍常见非税收入的相关知识。 今天为大家介绍的是 —— 城镇垃圾处理费 一 什么是城镇垃圾处理费？ 城镇垃圾处理费是指 政府依法征收并用于将城市生活垃圾从市政垃圾转运设施运往垃圾处置场进行处置以及相关管理的费用 ，用以增强广大居民和社会单位的"环境消费"意识，促进城市生活垃圾的减量化、资源化、无害化处置，改善城市人居环境。 自2021年7月1日起，城镇垃圾处理费由税务部门负责征收。 二 我市征收范围 在本市城市、镇规划区的建成区范围内产生城市生活垃圾的 单位和个人 。 2 .主城区以外其他区县(自治县)城市生活垃圾处置费收费标准由当地价格主管部门,在 不高于主城区收费标准和不低于主城区 收费标准的80%范围内制定 ，经当地政府批准后执行。 四 征收期限 居民类缴费人 按月征收 ，由代征单 ...

Revenue Summary - From January to August, the national general public budget revenue reached 14,819.8 billion yuan, a year-on-year increase of 0.3% [1] - Tax revenue amounted to 12,108.5 billion yuan, with a slight increase of 0.02% year-on-year [1] - Non-tax revenue was 2,711.3 billion yuan, showing a year-on-year growth of 1.5% [1] - Central government revenue was 6,426.8 billion yuan, a year-on-year decrease of 1.7% [1] - Local government revenue was 8,393.0 billion yuan, with a year-on-year increase of 1.8% [1] Tax Revenue Breakdown - Domestic value-added tax revenue was 4,738.9 billion yuan, increasing by 3.2% year-on-year [1] - Domestic consumption tax revenue reached 1,152.3 billion yuan, up by 2% year-on-year [1] - Revenue from import goods value-added tax and consumption tax was 1,177.0 billion yuan, down by 6.7% year-on-year [1] - Tariff revenue was 152.7 billion yuan, decreasing by 6.5% year-on-year [1] - Stamp duty revenue was 284.4 billion yuan, with a significant increase of 27.4% year-on-year, including securities transaction stamp duty of 118.7 billion yuan, which surged by 81.7% [1] Expenditure Summary - From January to August, the national general public budget expenditure totaled 17,932.4 billion yuan, a year-on-year increase of 3.1% [2] - Central government expenditure was 2,657.0 billion yuan, reflecting a year-on-year growth of 8% [2] - Local government expenditure reached 15,275.4 billion yuan, with a year-on-year increase of 2.3% [2] Key Areas of Expenditure - Education expenditure was 27,078 billion yuan, increasing by 5.6% year-on-year [2] - Science and technology expenditure was 5,874 billion yuan, up by 3.1% year-on-year [2] - Social security and employment expenditure reached 30,723 billion yuan, showing a significant year-on-year growth of 10% [2] - Health expenditure was 13,717 billion yuan, with a year-on-year increase of 5.1% [2]

Revenue Summary - From January to August, the national general public budget revenue reached 14,819.8 billion yuan, a year-on-year increase of 0.3% [1] - Tax revenue amounted to 12,108.5 billion yuan, with a slight year-on-year increase of 0.02% [1] - Non-tax revenue was 2,711.3 billion yuan, showing a year-on-year growth of 1.5% [1] - Central government revenue was 6,426.8 billion yuan, a year-on-year decrease of 1.7% [1] - Local government revenue was 8,393.0 billion yuan, reflecting a year-on-year increase of 1.8% [1] Tax Revenue Breakdown - Domestic value-added tax revenue was 4,738.9 billion yuan, increasing by 3.2% year-on-year [1] - Domestic consumption tax revenue reached 1,152.3 billion yuan, up by 2% year-on-year [1] - Revenue from import goods value-added tax and consumption tax was 1,177.0 billion yuan, down by 6.7% year-on-year [1] - Tariff revenue was 152.7 billion yuan, decreasing by 6.5% year-on-year [1] - Stamp duty revenue was 284.4 billion yuan, with a significant year-on-year increase of 27.4%, including securities transaction stamp duty of 118.7 billion yuan, which surged by 81.7% [1] Expenditure Summary - From January to August, the national general public budget expenditure totaled 17,932.4 billion yuan, a year-on-year increase of 3.1% [2] - Central government expenditure was 2,657.0 billion yuan, reflecting a year-on-year increase of 8% [2] - Local government expenditure reached 15,275.4 billion yuan, with a year-on-year growth of 2.3% [2] Key Areas of Expenditure - Education expenditure was 27,078.0 billion yuan, increasing by 5.6% year-on-year [2] - Science and technology expenditure amounted to 5,874.0 billion yuan, up by 3.1% year-on-year [2] - Social security and employment expenditure reached 30,723.0 billion yuan, showing a year-on-year increase of 10% [2] - Health expenditure was 13,717.0 billion yuan, with a year-on-year growth of 5.1% [2]

Core Viewpoint - The article discusses the performance of fiscal revenue and expenditure in August, highlighting a slight year-on-year increase in tax revenue while non-tax revenue continues to decline, indicating a need for sustained economic growth policies [1][4][25]. Fiscal Revenue - In August, fiscal revenue increased by 2.0% year-on-year, with tax revenue rising by 3.4% and non-tax revenue decreasing by 3.8%, continuing the trend of stronger tax revenue since May [1][5]. - Cumulative fiscal revenue from January to August showed a slight increase of 0.3%, slightly exceeding the initial budget target of 0.1% [1][6]. - The performance of corporate income tax, personal income tax, and domestic value-added tax in August was strong, with year-on-year increases of 33.4%, 9.7%, and 4.4%, respectively [2][11]. Fiscal Expenditure - Fiscal expenditure in August showed a decline, with spending growth lower than the average level for the same period in previous years, primarily due to a slowdown in infrastructure-related expenditures [3][16]. - Social security and employment expenditures maintained a high growth rate of 10.9% year-on-year in August, contributing positively to overall expenditure growth [3][16]. - Cumulative fiscal expenditure from January to August increased by 3.1%, which is still below the initial budget target of 4.4% [17]. Broader Fiscal Context - Land revenue growth further declined by 12.9 percentage points to -5.8% in August, reflecting a significant drop in land sales [21]. - The overall performance of government fund income from January to August showed a cumulative decline of 1.4%, indicating challenges in meeting the annual growth target of 0.7% [21][25]. - The article emphasizes the need for new policies to stabilize growth, particularly in the context of declining contributions from the real estate sector [25].

Fiscal Performance - In August 2025, the national general public budget revenue reached 12,359 billion CNY, a year-on-year increase of 2.0%[3] - The national general public budget expenditure in August was 18,587 billion CNY, showing a year-on-year growth of 0.8%[8] - From January to August 2025, the completion rate of the general public budget revenue was 47.8%, consistent with the same period in 2024[1] - The completion rate of general public budget expenditure was 57.3%, which is higher than the same period in 2024[1] Tax Revenue Insights - Tax revenue in August 2025 was 10,152 billion CNY, with a year-on-year increase of 3.4%[3] - Cumulative tax revenue from January to August 2025 achieved a positive growth of 0.02%, marking the first positive growth since December 2023[4] - Individual income tax grew by 8.9% from January to August 2025, reflecting improved tax collection efforts[4] Non-Tax Revenue Trends - Non-tax revenue in August 2025 was 2,207 billion CNY, declining by 3.8% year-on-year, continuing a negative growth trend since May 2025[3] - The decline in non-tax revenue is attributed to high base effects from 2024 and improved management of non-tax revenue[5] Government Fund Budget Analysis - The government fund budget revenue in August 2025 recorded a year-on-year decrease of 5.7%, primarily due to a drop in land transfer income[10] - Government fund budget expenditure in August 2025 increased by 19.8% year-on-year, indicating strong spending in infrastructure and public projects[10] Policy Recommendations - The report suggests focusing on the implementation of new policy financial tools to support fiscal stability and economic recovery[1] - It highlights the importance of maintaining a balance between fiscal revenue and expenditure to ensure sustainable economic growth[1]

Core Insights - The national general public budget revenue for the first eight months of this year reached 14,819.8 billion yuan, reflecting a year-on-year growth of 0.3% [1] - Tax revenue amounted to 12,108.5 billion yuan, showing a slight increase of 0.02% year-on-year, while non-tax revenue was 2,711.3 billion yuan, which grew by 1.5% year-on-year [1] - Central government budget revenue was 6,426.8 billion yuan, representing a year-on-year decline of 1.7%, whereas local government budget revenue increased to 8,393.0 billion yuan, marking a year-on-year growth of 1.8% [1]