人民网昆明11月25日电 (记者李发兴)一般公共预算收入预计增长9.4%，一般公共预算支出预计增长 10.94%……11月24日，云南省财政厅在云南省"高质量完成'十四五'规划"系列新闻发布会·财政工作专场 上晒出了"十四五"时期财政账本。从数据来看，"十四五"时期，云南财政收入总量稳中有增，支出力度 持续增强。 74%左右的财政支出用于民生 云南省一般公共预算支出五年预计达到3.39万亿元，比"十三五"时期增加3342.19亿元，增长10.94%。过 去4年，省本级从政府性基金预算、国有资本经营预算调入一般公共预算的资金规模达到86.6亿元，集 中财力将更多"真金白银"投向发展大事和民生实事。 "十四五"时期，云南省民生领域支出预计达2.5万亿元，占一般公共预算支出的比重均保持在74%左右， 特别是与人民群众息息相关的教育、社会保障、就业、卫生健康支出，占到民生支出总量的一半以上， 学生资助、基本养老、基本医疗、社会救助、优抚等标准逐步提高。 财政资金投向上，云南集中财力加大对乡村振兴、绿色发展、对外开放、扩大内需等重要决策部署的支 持力度。"十四五"时期，全省农林水支出4572.54亿元、生态环境保护支出 ...

Core Insights - The Guangxi Zhuang Autonomous Region's fiscal expenditure on people's livelihood reached 331.14 billion yuan from January to August this year, marking an 8.1% year-on-year increase and the highest scale, growth rate, and proportion in the past five years [1] Summary by Categories Education - Guangxi's education expenditure amounted to 84.28 billion yuan, reflecting a 12.3% year-on-year increase [1] Employment - Social security and employment expenditure totaled 82.90 billion yuan, with a year-on-year growth of 10.3%, including an 11.1% increase in employment subsidies [1] Health - Health expenditure reached 44.31 billion yuan, showing an 11.4% year-on-year increase [1] Basic Living Security - Minimum living security expenditure was 8.25 billion yuan, with a year-on-year growth of 7.5% [1] Infrastructure and Environment - Transportation expenditure grew by 29.6% year-on-year, while energy conservation and environmental protection expenditure increased by 27.4%, and commercial service expenditures rose by 13.4% [1]

Group 1 - In July, national general public budget revenue showed a significant recovery, with a year-on-year growth of 2.6%, marking the highest monthly growth rate of the year [1] - For the first seven months, the total general public budget revenue reached 135,839 billion yuan, with a year-on-year growth of 0.1%, indicating a positive turnaround compared to the previous period [1] - Tax revenue in July increased by 5%, the highest growth rate of the year, contributing to a significant narrowing of the revenue decline in the first seven months [2] Group 2 - The corporate income tax decreased by 0.4% in the first seven months, but the decline was significantly narrowed by 1.5 percentage points compared to the first half of the year, which was a key factor in the growth of tax revenue in July [2] - The growth in tax revenue in July was supported by a narrowing decline in the Producer Price Index (PPI), highlighting the strong correlation between price factors and tax revenue [2] - The securities transaction stamp duty saw a remarkable year-on-year growth of 62.5% in the first seven months, reflecting a recovery in market confidence [2] Group 3 - The equipment manufacturing and modern service industries showed strong tax revenue performance, with specific sectors like railway, shipbuilding, and aerospace equipment seeing tax revenue growth of 33% [3] - General public budget expenditure for the first seven months reached 160,737 billion yuan, with a year-on-year growth of 3.4%, maintaining a focus on social welfare spending [3] - Expenditure in social security and employment grew by 9.8%, indicating a continued emphasis on improving public welfare [3] Group 4 - Local government special bonds and other financial instruments contributed to a government fund budget expenditure growth of 31.7% in the first seven months, amounting to 2.89 trillion yuan [4] - With the reduction of disruptions from extreme weather, infrastructure investment growth is expected to rebound in the second half of the year due to sufficient project and funding support [4]

Group 1 - The core viewpoint of the articles highlights the continuous growth in both revenue and expenditure in the region's fiscal budget for the first five months of the year, with public budget revenue reaching 755.52 billion yuan, a year-on-year increase of 3.3%, and public budget expenditure totaling 2563.22 billion yuan, a year-on-year increase of 6.3% [1] - Tax revenue has shown a positive trend, with a year-on-year growth of 1.4% for the first five months, improving significantly from a mere 0.04% growth in the first four months [1] - Expenditure from municipal and county finances has also increased, with a year-on-year growth of 7.5%, and 13 out of 14 municipalities reporting positive growth in expenditure [1] Group 2 - In the area of public welfare, spending reached a historical high of 2014.88 billion yuan, with a year-on-year increase of 4.8%, maintaining a proportion of around 80% of total public budget expenditure [2] - Significant growth was observed in various sectors, including commercial services (38.2%), energy conservation and environmental protection (31.8%), transportation (25.8%), technology (15.1%), agriculture (10.3%), and education (8.9%) [2]

Core Viewpoint - The fiscal data for January-February 2025 shows unusual trends, with public fiscal revenue experiencing a negative year-on-year growth while personal income tax saw a significant increase, reaching its highest growth rate in nearly 10 months. This divergence raises questions about the underlying factors driving these changes [1][3]. Group 1: Personal Income Tax Growth - The high growth rate of personal income tax at 26.7% year-on-year is attributed to the timing of the Spring Festival, which affected the collection of year-end bonuses. In years where the Spring Festival falls in January, the peak for personal income tax collection occurs in February, while in years where it falls in February, the peak occurs in March. This year's earlier Spring Festival compared to last year has amplified the growth in personal income tax for January-February [1][3]. Group 2: Tax Revenue Dynamics - Positive contributors to tax revenue include the securities transaction stamp duty and value-added tax, both benefiting from supportive policies. The securities transaction stamp duty has shown double-digit growth for five consecutive months due to increased trading enthusiasm in the stock market since the "924" policy [3][7]. - Negative contributors include corporate income tax, which saw a year-on-year decline of 10.4%, indicating ongoing challenges for businesses. Additionally, consumption-related taxes such as consumption tax and vehicle purchase tax are weaker than last year, and taxes related to imports are also experiencing negative growth. The real estate sector remains under pressure, with real estate-related taxes declining by 11.4% year-on-year and local land transfer revenue decreasing by 15.7% [7][10]. Group 3: Fiscal Expenditure Trends - Fiscal expenditure is shifting focus from infrastructure to technology and social welfare. Compared to last year, infrastructure-related fiscal spending has significantly decreased, with a year-on-year decline of 6.2% in January-February 2025, contrasting with a growth of 17.9% in the same period of 2024 [10][13]. - In contrast, expenditures related to technology, education, social security, and employment continue to show high growth rates of 10.5%, 7.7%, and 5.5% respectively, indicating a sustained commitment to these areas [13].