Core Insights - The central government budget revenue decreased by 0.8% year-on-year, amounting to 8.18 trillion yuan [1] - Local government budget revenue increased by 2.1% year-on-year, reaching 10.46 trillion yuan [1] Summary by Category General Public Budget Revenue - Total general public budget revenue for the first ten months of the year was 18.64 trillion yuan, reflecting a year-on-year growth of 0.8% [1] Tax Revenue - National tax revenue reached 15.33 trillion yuan, showing a year-on-year increase of 1.7% [1] Non-Tax Revenue - Non-tax revenue totaled 3.31 trillion yuan, which represents a year-on-year decline of 3.1% [1]

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 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]

Core Insights - The Ministry of Finance reported that from January to August, the national general public budget revenue reached 148198 billion yuan, reflecting a year-on-year growth of 0.3% [1] - Tax revenue amounted to 121085 billion yuan, showing a slight increase of 0.02% year-on-year, while non-tax revenue was 27113 billion yuan, which grew by 1.5% [1] - Central government budget revenue was 64268 billion yuan, indicating a year-on-year decline of 1.7%, whereas local government budget revenue was 83930 billion yuan, marking a year-on-year increase of 1.8% [1]

Summary of Key Points Core Viewpoint - The Ministry of Finance reported that from January to July, the national general public budget revenue reached 1,358.39 billion yuan, reflecting a year-on-year growth of 0.1% [1] Revenue Breakdown - Total tax revenue amounted to 1,109.33 billion yuan, showing a year-on-year decline of 0.3% [1] - Non-tax revenue was recorded at 249.06 billion yuan, which represents a year-on-year increase of 2% [1] Central vs Local Revenue - Central government general public budget revenue was 585.38 billion yuan, indicating a year-on-year decrease of 2% [1] - Local government general public budget revenue reached 773.01 billion yuan, marking a year-on-year growth of 1.8% [1]

Core Insights - The Ministry of Finance reported that from January to July, the national general public budget revenue reached 135,839 billion yuan, reflecting a year-on-year growth of 0.1% [1] - Tax revenue amounted to 110,933 billion yuan, showing a year-on-year decline of 0.3%, while non-tax revenue was 24,906 billion yuan, indicating a year-on-year increase of 2% [1] - Central government budget revenue was 58,538 billion yuan, down 2% year-on-year, while local government budget revenue increased by 1.8% to 77,301 billion yuan [1]