Core Viewpoint - The construction of digital finance is essential for adapting to the development of the digital economy and society, and is a key path for achieving high-quality fiscal development [1] Group 1: Digital Transformation in Finance - The Yangquan Municipal Finance Bureau is implementing a smart solution that covers the entire chain of fiscal management, transitioning from "experience-based decision-making" to "data-driven decision-making" [1] - The integration of fiscal business into a unified platform ensures data traceability and supports precise budget preparation, enhancing overall fiscal coordination capabilities [2] - A collaborative system is being established that combines internal data governance with external data empowerment, creating a new mechanism for fiscal governance driven by big data [2] Group 2: Revenue Management - The innovation of a fiscal big data analysis system aims to deeply explore revenue growth potential by coordinating 19 departments for a new tax management framework [3] - A dynamic information ledger is established for data sharing, with a focus on identifying revenue collection issues through multi-source data comparison [3] Group 3: Expenditure Management - The use of information technology and a unified budget management system is being explored to implement zero-based budgeting, enhancing collaboration among multiple departments [4] - The focus is on monitoring general expenditures and ensuring efficient use of fiscal resources through real-time tracking and analysis of budget items [4] Group 4: Risk Control - A dual-layer comparison mechanism is being developed to monitor budget unit fund payments, enhancing the identification of potential misuse of fiscal funds [5] - The system employs advanced technology for risk scanning, transitioning from manual checks to intelligent audits, particularly focusing on sensitive expenditure categories [5] Group 5: Decision-Making Support - A visual and expandable intelligent analysis platform is being created to transform fiscal economic indicators into dynamic visual elements, aiding in scientific decision-making [6] - The development of an AI model for intelligent table processing aims to automate data handling, improving efficiency and accuracy in fiscal operations [6] - Future plans include expanding data integration and applying AI innovations to build a comprehensive data application system for fiscal management [6]

Group 1 - The core viewpoint is that Gansu Province has achieved stable growth in fiscal revenue and expenditure in the first half of the year, with both surpassing the halfway mark of their respective annual targets [1][2] - Gansu Province's general public budget revenue reached 57.38 billion yuan, completing 52.8% of the annual budget and showing a growth of 4.1% [1] - The general public budget expenditure amounted to 257.17 billion yuan, achieving 52.2% of the expected annual expenditure, with a growth rate of 5.5% [1] Group 2 - Fiscal revenue exceeded expectations due to proactive measures taken by various fiscal departments, including enhanced revenue monitoring and inter-departmental collaboration [1] - The acceleration of fiscal expenditure growth is attributed to efforts in securing central support and optimizing the issuance of government bonds, while also reducing administrative costs [2] - In the first half of the year, spending on 11 categories of livelihood-related expenditures reached 208.15 billion yuan, growing by 6.5% and accounting for 80.9% of total fiscal expenditure [2]

Core Viewpoint - The implementation of zero-based budgeting reform is a significant task highlighted in the government work report, aiming to optimize budget allocation and enhance fiscal management at the grassroots level [1][2]. Group 1: Reform Progress and Achievements - Grassroots fiscal departments have begun to explore various implementation paths for zero-based budgeting, achieving notable results in several regions [2]. - In Taihe County, Jiangxi Province, the budget for 2025 has seen a reduction of 197 million yuan through the elimination of one-time and expired projects [2]. - Daya County in Yunnan Province has dynamically adjusted personnel expenditures, saving over 60 million yuan annually since 2024 [2]. - Linwu County in Hunan Province has cut expenditures by 14.84 million yuan by reassessing and canceling existing spending policies [2]. - A county-level fiscal department reported annual savings of approximately 14 million yuan by restructuring the fiscal expenditure standard system [2][3]. Group 2: Challenges Faced - Grassroots fiscal departments encounter conflicts between maintaining basic expenditures and promoting reform, with over 65% of expenditures allocated to rigid costs such as personnel salaries and social security [4]. - Legal and regulatory constraints in certain sectors, such as education and technology, hinder the flexibility needed for effective zero-based budgeting [4][5]. - The inertia to protect existing budgets leads to a rigid expenditure structure, complicating the implementation of budget cuts [5]. Group 3: Need for Supportive Measures - There is a call for improved legal frameworks and information technology infrastructure to support the zero-based budgeting reform [7]. - The lack of skills in cost-benefit analysis and performance indicator design among grassroots personnel hampers the reform process [7][8]. - Suggestions include adjusting the rigid linkage of statutory expenditures to fiscal revenues and allowing for the consolidation of similar funding sources to enhance budget flexibility [7]. Group 4: Technological Integration - Some regions are beginning to emphasize the importance of information technology in budget management, with initiatives like "AI+" being introduced to empower zero-based budgeting [8]. - The establishment of a centralized data hub for county-level fiscal data is recommended to facilitate real-time monitoring and analysis [8].

Core Viewpoint - The Cambodian government plans to gradually reduce fiscal budget deficits and public debt over the next three years to ensure fiscal stability and sustainability [2][3]. Group 1: Fiscal Strategy - The government is implementing a "gradual fiscal consolidation" approach to balance fiscal stability, support sustained economic growth, and achieve long-term development goals [2]. - The fiscal budget deficit is targeted to be kept below 3% of GDP, decreasing from 3.08% in 2025 to 2.19% in 2026, remaining at 2.19% in 2027, and slightly increasing to 2.32% in 2028 [2][3]. Group 2: Revenue and Expenditure Projections - Total government revenue is expected to grow at an average annual rate of 7.3%, reaching 14.43% of GDP by 2028 [3]. - Total government expenditure is projected to grow at an average annual rate of 7.8%, reaching 16.74% of GDP by 2028, slightly lower than 16.83% in 2025 [3]. - Capital expenditure is expected to decrease by 10.9% in 2026 compared to 2025 due to a significant reduction in foreign aid and concessional loans [3]. Group 3: Taxation and Economic Context - Despite the economic recovery in 2023, government tax revenue has not increased correspondingly, with a significant slowdown in tax growth from 2021 to 2023 [4]. - The new investment law providing generous tax incentives has contributed to the decline in tax revenue, prompting recommendations for the government to expand the tax base while implementing tax reductions [4]. - The IMF has noted that due to weakened economic momentum and increased tax exemptions, the budget deficit is expected to rise to 3% of GDP this year, slightly higher than 2.8% last year [4].

Core Viewpoint - The establishment of the AI Smart Review Platform in Xuzhou is set to enhance the zero-based budgeting reform 2.0, providing intelligent support for fiscal balance in key areas and promoting efficient budget management [1][2]. Group 1: AI Integration in Budget Management - Xuzhou's Finance Bureau has integrated AI technology into budget management, developing the "AI Smart Review Platform" to serve as a "smart engine" for zero-based budgeting reform [1]. - The platform captures key information such as project initiation basis, contracts, and personnel numbers, establishing a foundation of data for budget management [1]. Group 2: Optimization of Review Processes - The platform innovatively sets up an AI review parameter system with eight categories, where objective parameter scores account for 90%, allowing for quantifiable assessments of project necessity, importance, policy compliance, and execution [1][2]. - This approach aims to standardize evaluations and reduce discretionary space in budget reviews [1]. Group 3: Risk Prevention and Decision Support - The platform focuses on 15 critical areas, including personnel expenses and government procurement, using AI for in-depth audits and automatic alerts for any violations of standards or regulations [2]. - It offers comprehensive funding analysis and personalized reporting tools, enhancing decision-making efficiency for leadership [2]. Group 4: Future Development Plans - The Finance Bureau plans to explore more AI application scenarios, expanding the "AI+" initiative into broader and deeper areas of budget management, while continuously optimizing fiscal resource allocation [2].

Core Viewpoint - The Gansu Cheng County Finance Bureau is implementing a pilot project for cost budget performance analysis in 2025, aiming to enhance the efficiency of fiscal fund utilization through a comprehensive cost budget performance management system [1] Group 1: Institutional Framework - The Finance Bureau has developed a series of institutional documents to clarify the overall goals of cost budget performance management, focusing on improving the efficiency of fiscal fund usage and optimizing resource allocation [2] - Detailed regulations have been established for various stages, including cost feasibility assessments during project initiation, precise cost accounting during budget preparation, dynamic monitoring during execution, and standards for supervision and evaluation [2] - Responsibilities have been clearly defined among departments to ensure accountability, creating a closed-loop management system for cost budget performance management [2] Group 2: Training and Awareness - The Finance Bureau is conducting diverse training activities to enhance understanding and skills related to cost budget performance management among various departments [3] - Experts are invited to provide in-depth interpretations and practical guidance on the policies, covering theoretical knowledge, case studies, and simulation exercises [3] - Publicity efforts are being made through various channels to highlight the significance and achievements of cost budget performance management, fostering a supportive environment for reform [3] Group 3: Project Selection - The project selection process follows several scientific principles, prioritizing projects with high social concern and ensuring alignment with public needs [4] - Selected projects must have quantifiable expenditures for accurate cost accounting and performance measurement, focusing on those with potential for cost reduction and efficiency improvement [4] - Three representative projects have been chosen from key areas such as administrative operations, urban management, and social welfare for the pilot [4] Group 4: Analytical Methods - The pilot analysis employs various suitable methods, including activity-based costing, minimum cost method, and comparative analysis, tailored to the characteristics of different projects [5] - For complex projects, activity-based costing is used to trace cost drivers and refine cost accounting [5] - The minimum cost method is applied to projects aimed at achieving specific functions while exploring the most cost-effective solutions [5] Group 5: Results Application - Cost budget performance evaluation results will inform budget arrangements and adjustments, with excellent projects receiving priority support and rewards [6] - Projects with unsatisfactory performance will undergo in-depth analysis to identify issues, leading to budget reductions or suspensions and mandated corrective actions [6] - The initiative aims to enhance fiscal fund utilization efficiency and rational allocation of resources, contributing positively to key project development, improving public welfare, and promoting high-quality economic and social development [6]

中国发展网讯 苗锋 记者郭建军报道 预算执行动态监控是现代财政管理的"神经中枢"，吕梁市财政局积 极推进财政科学管理，通过构建"制度筑基、科技赋能、精准管控、闭环治理"四位一体管理体系，充分 发挥动态监控"防风险"作用，为财政资金规范使用保驾护航。 依托一体化系统，打造智慧监管平台。深化"互联网+财政监督"模式，依托财政预算管理一体化系统， 搭建智能化预算执行动态监控系统，创新采用"系统预警+人工复核"双轮驱动机制，通过系统预设20余 项监控规则、敏感字段分析预警，对预算项目、资金流向、支付摘要等关键要素进行智能分析和关联对 比。系统实时扫描资金运行轨迹，实现财政资金全流程、全链条、全景式动态监管，有效提升监督的及 时性和精准度。 注重结果运用，提升监督治理效能。建立"发现问题—及时预警—督促整改—跟踪问效"全流程闭环管理 机制。通过工作微信群、电话提醒、书面函告等方式，实现预警信息"秒级响应"，督促市直单位和县级 财政部门立行立改。编制《2024年度全市预算执行动态监控分析报告》和《2024年度全市预算执行动态 监控典型案例通报》，对5起典型案例进行通报，推动部门、单位建立健全内控制度。通过强化结果运 用， ...

6月16日，记者从自治区财政厅获悉，今年以来，广西持续靠前发力支持各项经济稳增长政策措施落地 见效，1—5月，全区财政收支双双实现正增长，为完成全年目标打下良好基础。 全区税收收入增速连续回升。1—5月，全区税收收入同比增长1.4%，增速较1—4月(增长0.04%)提高 1.36个百分点，自4月实现扭负为正以来，连续两个月正增长。其中与实体经济密切相关的增值税、企 业所得税、城市维护建设税、个人所得税合计同比增长2.4%，连续5个月正增长。 市县财政支出快速增长。1—5月，全区市县财政支出增长7.5%，持续5个月保持增长。14个设区市中， 共有13个设区市实现支出正增长，其中有12个设区市连续5个月正增长，桂林市、梧州市、北海市、防 城港市、钦州市、玉林市、贺州市、崇左市等8个设区市的支出规模创历年同期新高。70个县(市)一般 公共预算支出同比增长10.7%，有59个县(市)实现支出正增长，增长面超八成。 全区民生支出规模创历史新高。1—5月，全区民生支出2014.88亿元，创同期历史新高，同比增长 4.8%，占一般公共预算支出的比重持续保持在八成左右。其中，全区商业服务、节能环保、交通、科 技、农业、教育等 ...

2025.06. 16 本文字数：1474，阅读时长大约2分钟 作者 | 第 一财经 陈益刊 粤开证券首席经济学家罗志恒告诉第一财经，中国是一级政府一级财政，并不存在网上说的"二级财 政"。一些人士看到江苏、浙江等预算表中，省级政府一般公共预算收入很少，几乎没有参与地市分 成，以为下属市县没有上缴省级收入，实际情况并非如此。从一个省来看，严格来说有四级财政，即 省、地市、县（区）、乡（镇），由于目前乡镇的财政基本都归区县管理，所以实际上是（省、地 市、县）三级财政。但直辖市、计划单列市来说，由于行政层级少了一级（仅有市、区），因此财政 级次也少一级，属于二级财政。 江苏省一位地市级官员也告诉第一财经，对该省地市来说，从来就没有"二级财政"说法。 事实上，无论是从江苏省财政体制相关文件，还是从江苏省财政厅公布的预算报告数据，江苏省13 个地市都需要向省级财政上缴一定的财政收入。 根据《江苏省2024年预算执行情况与2025年预算草案》（下称《草案》），2024年江苏省省级一 般公共预算收入总计约6022亿元，占全省一般公共预算收入总额比重约37%。其中，江苏省省级 2024年获得的税收收入仅23亿元。省级获取税 ...

Core Viewpoint - The focus of China's fiscal reform this year is to promote scientific fiscal management, aiming to enhance the systematic, refined, standardized, and rule-of-law levels of fiscal management through pilot programs in provinces like Shandong and Guangdong, ultimately achieving breakthroughs in fiscal governance systems and capabilities [1] Group 1: Fiscal Management Reforms - Shandong's government has released the "Opinions on Promoting Scientific Fiscal Management," which outlines 16 reform measures to be piloted from 2025 to 2026, with a full rollout planned for 2027 [1] - Key reform areas include strengthening fiscal resource and budget coordination, deepening zero-based budgeting reforms, and enhancing local debt management [1][2] - The goal is to improve existing budget management systems and fiscal frameworks to support high-quality provincial development [1] Group 2: Debt Management - Shandong's local government debt is approximately 3.28 trillion yuan, below the limit of about 3.57 trillion yuan, indicating manageable debt risk [2] - The Ministry of Finance allocated 6 trillion yuan in refinancing special bonds to support local debt replacement, with Shandong receiving over 370 billion yuan to help eliminate hidden debts by the end of 2028 [2] - The "Opinions" propose a comprehensive budget management system that integrates various budget types, including government debt budgets, to enhance local debt management [2] Group 3: Budget Optimization - To address fiscal revenue and expenditure imbalances, Shandong plans to optimize spending by implementing zero-based budgeting, which will break the existing rigid fiscal expenditure structure [3] - The reform will involve a thorough review of current expenditure policies, with a maximum execution period of three years for each policy [3] - The linkage of spending budgets to fiscal revenue growth or GDP growth will be reconsidered to improve fiscal flexibility [3] Group 4: Expenditure Control - The "Opinions" emphasize the need for strict management of "three public" expenditures (government spending on official receptions, travel, and vehicle purchases) and propose a dynamic monitoring mechanism for budget execution [4][5] - The aim is to align public expenditure with departmental needs while establishing hard constraints on spending [4] Group 5: Social Welfare Assurance - Ensuring the basic livelihood, salaries, and operational stability of grassroots levels is a critical task in the fiscal management pilot [6] - All counties in Shandong will establish dedicated salary accounts and expand the scope of basic livelihood accounts, with monitoring and emergency liquidity support as needed [6]