Core Viewpoint - The pressure on county-level finance is not only due to the overall financial volume but also stems from structural pressures that require reform in the fiscal and tax system, particularly in matching financial authority with expenditure responsibilities [1][6]. Summary by Sections Daily Operations of County Finance - The daily routine of a county finance officer involves managing numerous requests for funding from local enterprises and ensuring timely disbursement of funds [2][3][4]. - A significant portion of the officer's work is dedicated to raising funds and repaying debts, with limited resources available for other fiscal responsibilities [4][10]. Financial Responsibilities and Challenges - County-level finance is under increasing pressure due to rising expenditure responsibilities, particularly in areas like social security and public service projects, which often lack corresponding funding from higher levels of government [5][14]. - In 2025, the monthly rigid expenditure for the county is approximately 800 million yuan, while the actual monthly income is only about 100 million yuan, leading to a significant financial gap [14]. Structural Issues in Fiscal Management - The mismatch between financial authority and expenditure responsibilities is a critical issue that needs urgent reform to alleviate the financial strain on local governments [6][17]. - Many local governments face challenges in managing special funds and debts, often resorting to reallocating funds from other projects to meet immediate financial obligations [14][16]. Reform Needs - There is a pressing need for reforms that align local government responsibilities with adequate financial resources, as many debts arise from mandated projects without sufficient funding [17]. - The current fiscal challenges cannot be resolved solely by local governments and require higher-level reforms, particularly in clarifying expenditure responsibilities and improving the financial relationship between central and local governments [17].

Core Viewpoint - The article highlights the daily challenges faced by a county finance bureau director, emphasizing the structural pressures on county-level finances in China, particularly in the context of increasing expenditure responsibilities and limited resources [4][5][11]. Group 1: Daily Operations and Responsibilities - The finance bureau director, referred to as Li Ge, begins his day managing numerous requests for funding from local state-owned enterprises and parallel units [2][3]. - A significant portion of Li Ge's work involves securing funds and managing debt, with only a small fraction dedicated to other fiscal responsibilities [4]. - The county's fiscal pressures are exacerbated by policies requiring local matching funds for various projects, leading to substantial financial burdens on the county's budget [4][11]. Group 2: Financial Challenges and Structural Issues - The county's monthly rigid expenditures, including the "three guarantees" (ensuring livelihood, salaries, and operational costs), amount to approximately 8 billion yuan, while the actual monthly revenue is only about 1 billion yuan [8][11]. - The article notes that many local governments face similar financial strains, with a significant reliance on borrowing and reallocating funds from other projects to meet urgent needs [11][13]. - Li Ge emphasizes the need for reform in the fiscal system to better align fiscal authority with expenditure responsibilities, as many financial pressures stem from mismatched responsibilities imposed by higher-level authorities [5][14]. Group 3: Policy Implications and Recommendations - The article suggests that the current fiscal challenges cannot be resolved solely at the local level and require higher-level reforms, particularly in delineating responsibilities and improving the financial capabilities of local governments [14]. - Li Ge advocates for a more balanced approach to fiscal authority and responsibility, highlighting the need for systemic changes to alleviate the financial burdens on county-level finances [5][14].

Revenue Summary - In the first seven months, the city's general public budget revenue reached 418.24 billion yuan, an increase of 3.6%, completing 63.1% of the annual budget [1] - Local tax revenue amounted to 367.84 billion yuan, growing by 5.2%, with a tax revenue share of 87.9%, maintaining the highest quality nationwide [1] - Value-added tax generated 126.8 billion yuan, up 2.5%, driven by growth in the new energy vehicle and internet wholesale sectors [1] - Corporate income tax totaled 117.53 billion yuan, increasing by 13.9%, supported by improved profitability in key information technology enterprises [1] - Personal income tax reached 47.91 billion yuan, growing by 7.4%, influenced by an active capital market and early dividends from listed companies [1] Expenditure Summary - In the first seven months, the city's general public budget expenditure was 508.53 billion yuan, an increase of 2.6%, completing 60.5% of the annual budget [2] - Education expenditure was 74 billion yuan, growing by 7.9%, aimed at accommodating changes in school-age population and supporting the expansion of educational facilities [2] - Science and technology expenditure reached 38.33 billion yuan, increasing by 11.2%, focusing on the construction of an international innovation center and strategic technology tasks [2] - Health expenditure amounted to 45.15 billion yuan, up 8.1%, ensuring the stable operation of public medical institutions and improving healthcare services [2] - Social security and employment expenditure was 83.63 billion yuan, growing by 7.9%, aimed at enhancing the social security system and supporting employment initiatives [2] - Urban and rural community expenditure totaled 59.78 billion yuan, increasing by 4.8%, supporting infrastructure projects and community governance [2]

Core Viewpoint - The article discusses the implementation of budget performance management in Xi'an, highlighting its significance in ensuring efficient use of public funds and supporting high-quality development through a structured approach to budgeting and performance evaluation [2][3]. Group 1: Budget Performance Management - Budget performance management is defined as a performance-oriented budgeting model that integrates performance evaluation with budget management [2]. - Xi'an has established a comprehensive budget performance management system that includes all stages: pre-budget, during execution, and post-evaluation [2]. - The goal of implementing budget performance management is to address inefficiencies and waste in fiscal fund allocation and usage, ensuring that taxpayer money is spent effectively [2]. Group 2: Five Key Controls - The "Five Key Controls" in Xi'an's budget performance management include: 1. Pre-budget performance evaluation to control project entry [3]. 2. Detailed performance target management to tighten budget review [4]. 3. High-standard project planning to ensure effective project design [4]. 4. Real-time performance monitoring during budget execution to ensure compliance [4]. 5. Strengthening application of performance results to enhance effectiveness [4]. Group 3: Impact on Local Areas - In 2024, the Lintong District conducted performance evaluations for 20 projects, involving funds of 787 million yuan, with results directly influencing budget allocations for the following year [5]. - The integration of performance evaluation results into budget planning has led to significant changes in funding distribution, particularly in education and healthcare, ensuring resources are allocated to high-quality services [5]. - Zhouzhi County saved 145 million yuan through pre-budget performance evaluations across 236 projects, reallocating these funds to enhance efficiency in similar sectors [6].

Group 1 - The core viewpoint of the news is that Lhasa's fiscal revenue and expenditure showed a stable and positive trend in the first half of 2025, with significant growth in both revenue and expenditure [1][2]. Group 2 - In terms of fiscal revenue, Lhasa's total revenue reached 7.287 billion yuan, representing a year-on-year increase of 8.17%. The general public budget revenue accounted for 6.615 billion yuan, making up 43.4% of the total revenue in the region [1]. - The structure of Lhasa's fiscal revenue is gradually optimizing, with tax revenue constituting 85.75% of the general public budget revenue. The main tax sources, including value-added tax, corporate income tax, and personal income tax, showed mixed performance [1]. Group 3 - Regarding fiscal expenditure, Lhasa's total expenditure was 26.729 billion yuan, with a year-on-year growth of 7.47%. The general public budget expenditure was 24.868 billion yuan, which is 54.82% of the total fiscal capacity [2]. - Expenditure in key areas such as education, technology, health, environmental protection, and social security increased by 1.447 billion yuan, with over 84.72% of the general public budget expenditure allocated to livelihood-related areas [2]. Group 4 - The Lhasa Municipal Finance Bureau plans to enhance budget planning and fiscal policy development, focusing on resource integration and expanding revenue sources to support high-quality development [3].

Summary of Key Points Core Viewpoint - The overall fiscal operation in China is stable in the first half of the year, with increased fiscal spending and good performance in certain industries' tax revenues [1][2]. Revenue - National general public budget revenue reached 115,566 billion yuan, a year-on-year decrease of 0.3%, with the decline narrowing by 0.8 percentage points compared to the first quarter [1]. - Tax revenue showed a gradual recovery, totaling 92,900 billion yuan, down 1.2% year-on-year, but monthly tax revenue has been growing for three consecutive months since April [1]. - Central general public budget revenue was 48,589 billion yuan, down 2.8%, while local general public budget revenue was 66,977 billion yuan, up 1.6%, with 27 out of 31 provinces reporting revenue growth [1]. Expenditure - National general public budget expenditure was 141,271 billion yuan, an increase of 3.4% year-on-year [2]. - Key areas of expenditure included: - Education: 21,483 billion yuan, up 5.9% - Science and technology: 4,790 billion yuan, up 9.1% - Social security and employment: 24,504 billion yuan, up 9.2% - Health: 11,004 billion yuan, up 4.3% [2]. - The central government allocated 667.4 billion yuan for employment subsidies and 1,566.8 billion yuan for assistance to vulnerable groups [2]. Government Fund Budget - National government fund budget revenue was 19,442 billion yuan, down 2.4%, while expenditure was 46,273 billion yuan, up 30% [2]. - The issuance and use of special bonds by local governments accelerated, with 24,300 billion yuan spent from special bonds in the first half of the year, contributing to the 30% growth in government fund budget expenditure [3]. - New local government special bonds issued amounted to 21,600 billion yuan, a 45% increase year-on-year, with 1,917 billion yuan used as project capital, up 16% [3].

Core Viewpoint - The article emphasizes the importance of enhancing the management of non-tax revenue as a necessary requirement for deepening fiscal and tax reforms and improving government governance capabilities [1] Group 1: Transparency in Revenue Collection - The provincial finance department has issued guidelines to ensure transparency in non-tax revenue collection, mandating the public disclosure of administrative and enterprise-related fee directories [2] - All levels of revenue collection units are required to publicly disclose their collection projects, standards, scope, basis, and payment channels to prevent arbitrary increases in non-tax revenue [2] Group 2: Security in Revenue Collection - The provincial finance department has implemented measures to strengthen the management of online payment platforms for non-tax revenue, including a comprehensive review of user certificates and authorization processes [3] - A total of 51 digital certificates were deactivated, and 269 new certificates were issued to ensure compliance and prevent security risks [3] Group 3: Efficiency in Electronic Ticketing - The integration of non-tax revenue collection systems with electronic ticketing systems has been established to facilitate real-time interaction of collection information [4] - In the current year, 1.73 million electronic non-tax revenue tickets were issued, demonstrating significant efficiency improvements [4] Group 4: Convenience in Payment Processes - The scope of electronic revenue collection has been expanded to include all collection units and projects, achieving full coverage of electronic collection for non-tax revenue [5] - Over 184 million electronic payment transactions were processed, amounting to more than 12 billion, significantly increasing service efficiency for both enterprises and individuals [5] Group 5: Integration of Management Systems - Efforts have been made to promote the integration of non-tax revenue collection systems with various departmental business systems, enabling real-time transmission of payment information [6] - This integration has eliminated data silos and facilitated cross-departmental collaboration, enhancing overall efficiency in revenue management [6]

Core Insights - Ulanhot City in Inner Mongolia reported a non-tax revenue of 113 million yuan in the first half of 2025, an increase of 10 million yuan year-on-year [1] Group 1: Digital Empowerment and Payment Channels - The local government has implemented electronic reform for financial receipts, promoting full online management of electronic receipts through the Inner Mongolia Autonomous Region's financial electronic receipt management system, enhancing transparency and management efficiency of non-tax revenue [1] - A total of 47 units have joined the "Unified Public Payment Platform of Inner Mongolia Autonomous Region," allowing citizens to pay various fees, such as fines and property registration fees, via WeChat and Alipay, facilitating a more convenient payment process [1] Group 2: Communication and Coordination - Ulanhot City has strengthened communication with higher authorities and collection units to address issues related to policy execution and revenue collection management, creating an efficient working atmosphere to improve non-tax revenue collection efficiency [1] - The city plans to further develop smart financial management and expand the application of "Internet + non-tax services" to enhance management efficiency and service quality, supporting high-quality economic and social development [1]

据泰国财政政策办公室消息，泰国本财年至今的预算赤字融资同比增长88.3%。预算赤字借款为8061.6 亿泰铢。预算赤字为8664.8亿泰铢。总支出同比增长9.9%。总支出为2.91万亿泰铢。税收收入同比增长 1.8%。税收收入为2.05万亿泰铢。 ...

云南加大盘活存量资产资源，以支持化解存量隐性债务 近些年受经济下行等因素影响，地方财政收入增长乏力，而民生、偿债支出压力较大，盘活存量资产资源增加收入成为不少地方的共同选择。云南省今年便 加大国有资产资源清查盘活力度，以支持当地化债。 7月29日，根据云南省财政厅公开消息，近日云南省财政厅联合国资等九部门印发《关于开展省以下国有资产资源清查盘活工作的通知》（下称《通 知》），在全省州（市）、县（市、区）、乡镇（街道）三级全面启动国有资产资源起底式清查盘活工作，摸清资产资源"家底"，激活存量资产资源潜力。 云南此次清查将以"全方位扫描"的方式，将行政事业单位和国有企业占有、使用、管理的所有国有资产资源纳入清查范围，实现"应查尽查"，并重点聚焦房 屋、土地、特许经营权、股权、债权、自然资源等资产资源。 云南省财政厅称，此次清查的核心目标是盘活。要求行政事业单位和国有企业对闲置资产、使用频率不高资产和具有开发利用潜力、市场化交易价值、盘活 后能够增加地方政府收入的各类国有资产资源认真梳理并建立可盘活资产资源清单，分类制定盘活计划。按照"成熟一批、盘活一批"的原则，进行有效盘 活。 "鼓励各地各部门积极探索创新国有资 ...