Core Points - Local governments are facing financial strain, leading to delays in the disbursement of talent and housing subsidies [1][2] - The situation is not isolated to Haiyang; other regions like Jiangyong County in Hunan and Ningdu County in Jiangxi are experiencing similar issues with subsidy payments [3][2] Financial Situation - Haiyang's general public budget revenue increased from 2.82 billion to 3.254 billion from 2019 to 2024, indicating slow growth [4] - The government fund revenue in Haiyang is projected to be approximately 2.269 billion in 2024, a year-on-year decrease of about 24% [4] - The local budget report highlights challenges such as a complex external environment, insufficient growth in real estate, and a weak industrial base contributing to financial difficulties [4] Budget Execution - In the first half of the year, Haiyang's general public budget revenue was approximately 2.038 billion, a year-on-year increase of about 5.6%, surpassing the initial annual growth estimate of 3.5% [5][6] - The government fund revenue was about 260 million, indicating a significant gap from the projected annual revenue of 3.74 billion [6] - Haiyang plans to enhance tax collection, optimize expenditure structure, and focus on major investment projects to stimulate growth and increase fiscal revenue [6]