Core Viewpoint - Jiangsu Province's fiscal performance in the first seven months of 2025 shows a slight increase in both revenue and expenditure, indicating a focus on enhancing fiscal management and supporting economic development [1]. Fiscal Performance - General public budget revenue reached 680.139 billion yuan, a year-on-year increase of 1.5% [1] - General public budget expenditure totaled 834.365 billion yuan, a year-on-year increase of 2%, achieving 54% of the annual budget, which is 0.5 percentage points faster than the same period in 2024 [1]. Resource Allocation - The province has intensified fiscal resource coordination, prioritizing key areas through zero-based budgeting reforms and optimizing expenditure structures [2]. - Social spending amounted to 649.925 billion yuan, accounting for 77.9% of total public budget expenditure, with significant growth in education (5.5%), social security (6.8%), health (12.5%), and housing security (5.2%) [2]. Investment and Innovation - Special funds of 28.3 billion yuan were allocated for transportation projects, including major rail and waterway construction [2]. - Over 2 billion yuan was allocated to support manufacturing innovation and digital transformation initiatives [2]. Support for Foreign Trade and Employment - The province implemented measures to stabilize foreign trade and employment, including financial support for trade exhibitions and export credit insurance [3]. - A total of 10.032 billion yuan was reduced in unemployment insurance fees to alleviate operational costs for businesses [3]. Market Vitality Initiatives - Jiangsu's fiscal policies have been designed to stimulate market activity, including the provision of interest subsidies and loans to small and micro enterprises [4]. - The province launched consumption promotion policies, distributing 4.79 billion yuan in lottery vouchers to boost consumer spending [4]. Financial Group Formation - The establishment of the Jiangsu National Financial Investment Group aims to enhance the province's financial landscape and strengthen fiscal capacity [5]. Direct Financial Support - A new implementation plan for direct financial support to enterprises has been established, allowing for rapid access to funds without application requirements [6]. Governance and Management Improvements - Jiangsu is advancing fiscal management reforms, including zero-based budgeting and enhanced digital platforms for real-time financial data monitoring [7]. - The province is also working on legislative measures to improve financial supervision and performance evaluation systems [7].

Core Insights - Jiangsu's general public budget revenue from January to July reached 680.14 billion yuan, a year-on-year increase of 1.5%, while expenditures totaled 834.37 billion yuan, up 2% year-on-year, completing 54% of the annual budget [1] Group 1: Fiscal Management and Budget Allocation - Jiangsu has intensified fiscal resource coordination, prioritizing key areas through zero-based budgeting reforms and optimizing expenditure structures to support high-quality development [2] - Social spending accounted for 77.9% of total public budget expenditures, with education, social security, health, and housing support seeing growth rates of 5.5%, 6.8%, 12.5%, and 5.2% respectively [2] - The province allocated 28.3 billion yuan for transportation projects and 10.245 billion yuan for major water conservancy projects, supporting significant infrastructure developments [2] Group 2: Support for Trade and Employment - Jiangsu implemented measures to stabilize foreign trade and employment, providing financial support to foreign trade enterprises and reducing unemployment insurance fees by 10.032 billion yuan from January to July [3] - The province received 11.1 billion yuan in special long-term bonds for equipment upgrades, supporting 292 projects [3] Group 3: Market Activation Policies - The provincial finance department introduced innovative measures to enhance policy supply and service efficiency, stimulating business vitality [4] - By the end of July, 9.06 billion yuan in interest subsidies were disbursed, facilitating loans of 113.2 billion yuan to 4,370 enterprises [4] - The province launched new consumption promotion policies, distributing 4.79 billion yuan in consumer vouchers to boost spending [4] Group 4: Financial Group Establishment - The establishment of the Jiangsu Guojin Investment Group aims to enhance the provincial financial landscape through market-oriented equity investments [5] Group 5: Direct Financial Support Initiatives - Jiangsu developed a "direct access" scheme for fiscal funds, allowing eligible projects to receive financial support without application processes, enhancing efficiency [6] Group 6: Governance and Management Improvements - The province is advancing fiscal scientific management through zero-based budgeting reforms and enhancing fiscal data monitoring and analysis capabilities [7] - Legislative efforts are underway to improve financial supervision and integrate various oversight mechanisms [7]