2026.01. 28 本文字数：1152，阅读时长大约2分钟 作者 | 第一财经 陈益刊 地方正加快退出地方债务高风险名单。 根据青海省财政厅信息，2024年青海落实一揽子化债方案，多渠道统筹资金资产资源，4个州全面实现隐性 债务"清零"，全年化债任务顺利完成。 2025年8月，青海省财政厅披露的《关于2025年上半年预算执行情况的报告》称，2025年上半年当地地方债 务风险有序化解。青海印发实施《青海省退出地方债务重点省份工作方案》，制定"一债一策、一企一策"年 度化债任务计划，争取中央化债额度101亿元，上半年完成全年隐性债务化解任务的88%，特别是非收费公 路隐性债务化解任务全面完成。另外，青海召开全省防范化解融资平台债务风险工作推进会，向财政部青海 监管局提交首批平台企业审核资料，加力推进融资平台有序退出。 根据中诚信国际研究院研报，退出债务高风险省份名单，需要在压减地方政府融资平台幅度、隐性债务率、 本地区金融债务占地区生产总值比重等满足相应标准。 1月27日，青海省人民政府办公厅公布的青海省政府工作报告内容显示，2026年重点工作任务之一是聚焦改 革攻坚，增强高质量发展动力活力，其中就包括积极有 ...

Core Viewpoint - The fiscal system in the province is focused on achieving a robust economic recovery and improving people's welfare while laying a solid foundation for the "15th Five-Year Plan" through a more resilient and high-quality fiscal policy [1][2][8] Fiscal Performance - In 2025, the province's total fiscal revenue reached 7018.7 billion, marking a 2.4% year-on-year increase, with general public budget revenue at 4501.7 billion, up 2.5%, and general public budget expenditure at 11516.1 billion, growing by 0.5% [2] - Over the "14th Five-Year" period, the province's general public budget revenue and expenditure reached 22 trillion and 54 trillion respectively, ranking 8th and 6th nationally, with growth rates of 18.8% and 19.9% compared to the previous five years [1] Investment and Economic Support - The province implemented policies to stimulate investment and consumption, with over 200 billion allocated to support key projects in critical areas [2] - Special funds of 175.1 billion were allocated to enhance the transportation network, achieving record highs in port throughput and international train operations [2] Support for Enterprises - The province has rolled out fiscal policies to support small and medium-sized enterprises, including issuing bonds to clear debts and optimizing the procurement environment [3] - State-owned financial capital has significantly increased, with total assets of 47 trillion, a 54% increase since early 2021, and net assets growing by 58.5% [3] Focus on Key Areas - Fiscal funds are directed towards technology innovation, rural revitalization, and social welfare, with significant investments in agricultural safety and infrastructure [4][5] - The province's spending on people's livelihoods reached 8499.4 billion, accounting for 73.8% of general public budget expenditure, with a focus on education, healthcare, and social security [5] Risk Management - The province has established a multi-faceted risk prevention system, focusing on debt resolution and platform transformation to ensure high-quality development [6] - In 2025, the province issued 1227 billion in replacement bonds and implemented strict management mechanisms to mitigate debt risks [6] Fiscal Reform and Management - The province is advancing fiscal management reforms, including zero-based budgeting and performance management, to enhance resource allocation and fund efficiency [7] - A total of 290.9 billion was saved through fiscal reviews, demonstrating a commitment to fiscal discipline [7] Future Outlook - The fiscal system will continue to focus on the "1+2+4+N" target system, implementing more proactive fiscal policies to support economic growth and modernization efforts in the province [8]

2026.01. 27 本文字数：987，阅读时长大约2分钟 作者 | 第一财经 陈益刊 经济总量首次站上6万亿元台阶的福建省，披露了最新的财政收支状况。 外界比较关注地方今年财政收入预期和资金如何使用。 根据福建省财政厅数据，福建预计2026年地方一般公共预算收入为3816.43亿元，同比增长约2.5%。 这一收入增速预期低于当地经济增速预期。根据福建省政府工作报告，今年福建省地区生产总值预期增长 5%左右，在实际工作中努力争取更好结果。 在支出方面，福建省财政厅数据显示，预计当地2026年一般公共预算支出为6320.86亿元。福建财政今年 财政资金重点支持九大领域，包括支持壮大实体经济；支持深挖内需潜力；支持全面深化改革、支持增进民 生福祉等。 1月27日，福建省财政厅公布了2026年当地政府"账本"。2025年，福建省地方一般公共预算收入约为 3723.4亿元，同比增长3%。 福建去年财政收入3%的增速，与全国地方财政收入平均增速相近，高于2024年当地财政收入增速 （0.6%），符合去年初当地官方预期。 从近年来全国31个省份财政收入来看，福建省财政收入规模位居全国中游水平，财政实力较强。总体来 看， ...

2025年江西财政部门下达消费品以旧换新资金超百亿元 中新网南昌1月27日电 (记者 李韵涵)江西省十四届人大四次会议27日在南昌开幕。记者从关于江西省 2025年全省和省级预算执行情况与2026年全省和省级预算草案的报告中了解到，2025年江西财政部门加 力扩围支持消费品以旧换新，下达以旧换新资金102.8亿元。 过去一年，江西财政部门持续用力、更加给力打好积极财政政策"组合拳"，着力稳就业、稳企业、稳市 场、稳预期，推动存量政策和一揽子增量政策加快落地，为完成全年经济社会发展目标提供有力支撑。 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 此外，2025年江西财政部门加大吸引外商投资力度，对当年实际利用外资1000万美元以上的制造业项 目，按不超过引资额2%给予当地政府奖励。推动出台外贸促稳提质14条措施和应对美加征关税冲击助 企纾困政策。统筹5.3亿元对企业参加境内外展会、建设海外仓等给予补助，支持江西中欧班列、铁海 联运开行和货物集疏。 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview" ...

Core Viewpoint - The article discusses the financial situation of Henan Province, highlighting a balanced budget for 2025 but emphasizing ongoing fiscal challenges and the need for proactive fiscal policies to stimulate economic growth and optimize expenditure structures [3][5]. Fiscal Revenue and Expenditure - In 2025, Henan's general public budget revenue reached 450.17 billion yuan, a growth of 2.5%, slightly below the initial expectation of 4% [4][5]. - The province's GDP for 2025 is projected at 6.66 trillion yuan, with a year-on-year growth of 5.6% [5]. - Government fund revenue, primarily from land sales, is expected to decline to 158.33 billion yuan, a decrease of 14.8%, with land transfer income dropping by 27.7% to 106.92 billion yuan due to a sluggish real estate market [5][6]. Debt Management - To maintain fiscal spending and mitigate debt risks, Henan plans to issue 517.82 billion yuan in government bonds in 2025, with total government debt expected to reach 2.48843 trillion yuan, remaining below the limit set by the Ministry of Finance [6][7]. Fiscal Policy Focus - The 2025 budget allocates 1.15161 trillion yuan for general public budget expenditure, a growth of 0.5%, with 849.94 billion yuan (73.8% of total expenditure) dedicated to social welfare [7][8]. - Education spending is set at 207.99 billion yuan, reflecting a commitment to improving educational resources [7]. Future Projections - For 2026, Henan's general public budget revenue is projected to grow by 4% to 468.07 billion yuan, while government fund revenue is expected to increase significantly by 57% to 248.46 billion yuan [9][10]. - The anticipated expenditure for 2026 includes 1.1672 trillion yuan for the general public budget and 357.35 billion yuan for government fund budget [10]. Social Welfare and Debt Management Initiatives - The 2026 budget emphasizes social welfare, with 94.03 billion yuan allocated to increase minimum pension and social assistance standards [11]. - The report stresses the importance of managing hidden debts and transforming local government financing platforms to prevent the establishment of new financing entities [11].

2026.01. 26 本文字数：965，阅读时长大约2分钟 作者 | 第一财 经 陈益刊 宋婕 中国财政收入规模最大的省份广东亮出了最新政府账本。 比如，去年广东发放育儿补贴约87亿元，投入约219亿元将全省城乡居民基本养老保险基础养老金最低标准 提高至每人每月240元。 广东预算报告另一大看点是政府今年的财政收支预期。 1月26日，广东省十四届人大五次会议召开，会议将审查广东省2025年预算执行情况和2026年预算草案的 报告（下称"广东预算报告"），广东省去年政府财政收支情况和今年收支预期随之揭晓。 根据广东省财政厅披露的上述预算报告信息，2025年广东全省一般公共预算收入约为13939亿元，增长 3%，总量连续35年居全国首位。其中税收收入约10211亿元（增长约4%），非税收入约3728亿元（增长 约0.3%）。 广东省财政收入规模稳居全国首位的背后，是其经济总量常年位居全国各省之首。根据今年广东省政府工作 报告，2025年广东地区生产总值增长3.9%、总量连续37年居全国首位。 广东财政实力雄厚，多年来一直是对中央财政收入净贡献的大省，对保障国家财力有着重要作用。 广东省 预算报告称，2025年广 ...

中国财政收入规模最大的省份广东亮出了最新政府账本。 广东今年3%财政收入预期增速与去年实际增速一致，与今年当地经济增速预期（4.5%~5%）相近。 在收入稳定增长基础上，广东保持一定的财政支出力度，财政资金向民生等重点领域倾斜。 根据广东省财政厅数据，2025年广东全省一般公共预算支出约18161亿元，同比增长1.1%。其中民生类 支出占比超七成。 比如，去年广东发放育儿补贴约87亿元，投入约219亿元将全省城乡居民基本养老保险基础养老金最低 标准提高至每人每月240元。 广东预算报告另一大看点是政府今年的财政收支预期。 根据广东省财政厅公开信息，广东预计2026年全省一般公共预算收入14360亿元，增长3%。其中税收收 入预计为10725亿元（增长约5%），非税收入预计3635亿元（下降2.5%）。 1月26日，广东省十四届人大五次会议召开，会议将审查广东省2025年预算执行情况和2026年预算草案 的报告（下称"广东预算报告"），广东省去年政府财政收支情况和今年收支预期随之揭晓。 根据广东省财政厅披露的上述预算报告信息，2025年广东全省一般公共预算收入约为13939亿元，增长 3%，总量连续35年居全国 ...

Core Viewpoint - The Ministry of Finance, in collaboration with the central bank and other relevant departments, has launched a series of coordinated fiscal and financial policies aimed at boosting domestic demand as the main driver of economic growth, emphasizing the importance of policy and execution collaboration [2][3]. Group 1: Policy Innovation - A new package of policies has been introduced, including interest subsidies for loans to small and micro enterprises, a special guarantee plan for private investment, and a risk-sharing mechanism for private enterprise bond issuance, aimed at addressing financing difficulties and costs [3]. - The policies utilize a combination of tools such as loan interest subsidies and guarantees to support both indirect and direct financing, enhancing the effectiveness of fiscal and monetary policy collaboration [3]. Group 2: Policy Optimization - Among the six policies released, three focus on optimizing existing measures, including interest subsidies for equipment upgrades and personal consumption loans, which have proven effective in expanding domestic demand [4]. - The optimization includes extending implementation periods, broadening support areas, and increasing the number of participating banks, thereby enhancing the precision and effectiveness of existing policies [4]. Group 3: Policy Strength - The new policies demonstrate significant financial commitment, with a special guarantee plan for private investment amounting to 500 billion yuan, and increased loan limits for service sector entities and small enterprises, effectively reducing their financing costs [5]. - The interest subsidy for small and micro enterprises is set at 1.5% of the total loan amount for a maximum period of two years, with individual loan amounts reaching up to 50 million yuan, showcasing a proactive macroeconomic policy approach [5].

Core Viewpoint - Beijing's fiscal revenue for 2025 is projected to grow steadily, outperforming the national average, with a general public budget revenue of 668.06 billion yuan, reflecting a year-on-year increase of 4.8% [1][3]. Fiscal Revenue - The general public budget revenue for Beijing in 2025 is 668.06 billion yuan, with a growth rate of 4.8%, closely aligning with the city's GDP growth rate of 5.4% [1][3]. - Tax revenue constitutes 86.5% of the general public budget revenue, indicating strong revenue resilience and quality [1][3]. - The growth rate of Beijing's general public budget revenue exceeds the national average and is higher than the 2024 growth rate of 3.1% [3]. Economic Context - Beijing's fiscal revenue growth is attributed to stable economic performance, with a GDP of 5.2 trillion yuan and a growth rate of 5.4%, surpassing the national growth rate by 0.4 percentage points [3]. - The city ranks sixth in general public budget revenue among 31 provinces, with expectations to maintain this position in 2025 [3]. Sector Contributions - The contribution of high-tech industries, digital economy sectors, and unicorn companies to fiscal revenue has increased by 7.6%, 7.4%, and 6.7% respectively since 2020 [3]. Fiscal Expenditure - The general public budget expenditure for 2025 is projected at 840.19 billion yuan, remaining stable with a year-on-year growth of 4.8% [5]. - Over 80% of the budget expenditure is allocated to improving public welfare [5]. - Government fund revenue is expected to reach 219.39 billion yuan, marking a year-on-year increase of 4.7%, reversing a trend of decline [5]. Future Projections - For 2026, the general public budget revenue is anticipated to be 695 billion yuan, with a growth rate of around 4%, consistent with the 2025 expectations [5][6]. - The general public budget expenditure for 2026 is projected at 860.02 billion yuan, reflecting a year-on-year increase of 2.4% [6].

去年1.39万亿元的财政收入规模，也让广东省稳居全国之首，这已是广东连续第35年保持首位。 江苏位居第二。根据江苏省财政厅数据，2025年江苏一般公共预算收入约1.03万亿元，同比增长2.1%。 也就说，广东2025年财政收入规模比第二名江苏多出约3600亿元，这相当于一个湖南省的财政收入。看 起来，未来一段时期内，广东省财政收入规模保持第一并无悬念。 2026.01.23 本文字数：944，阅读时长大约2分钟 作者 |第一财经 陈益刊 作为全国经济大省，广东的财政收入（即地方一般公共预算收入）继续遥遥领先。 近日广东省财政厅公开数据显示，2025年全省一般公共预算收入预计为1.39万亿元，同比增长3%。 总体来看，广东省财政收入增长平稳，符合预期：上述收入规模及增速跟2025年初当地官方的预期基本 一致；3%的收入增速，也与去年全国地方收入增速相近。 第一财经持续追踪财经热点。若您掌握公司动态、行业趋势、金融事件等有价值的线索，欢迎提供。专 用邮箱：bianjibu@yicai.com （注：我们会对线索进行核实。您的隐私将严格保密。） 经济决定财政。广东省财政收入规模的稳定增长，得益于当地产业基础好，创新 ...