Core Viewpoint - Beijing's fiscal revenue for the first ten months of the year reached 587.29 billion yuan, with tax revenue accounting for 86.8%, indicating strong revenue quality and resilience in growth [1] Group 1: Fiscal Revenue - Total fiscal revenue in Beijing for January to October was 587.29 billion yuan, representing a year-on-year growth of 3.9% and achieving 88.6% of the annual budget [1] - Local tax revenue amounted to 509.9 billion yuan, with a year-on-year increase of 6.0% [1] - The three main tax categories generated a total of 395.82 billion yuan, reflecting an 8.5% year-on-year growth and constituting 67.4% of the general public budget revenue [1] - Value-added tax collected was 179.64 billion yuan, growing by 5.8%, with the growth rate improving by 1.4 percentage points compared to September [1] - Corporate income tax reached 147.23 billion yuan, with an 11.7% year-on-year increase, driven by profit growth in the information and technology services sector [1] - Personal income tax totaled 68.95 billion yuan, increasing by 8.9%, supported by an active capital market and rising property income [1] Group 2: Fiscal Expenditure - General public budget expenditure for the first ten months was 676.07 billion yuan, with a year-on-year growth of 4.8%, achieving 79.7% of the annual budget [2] - Expenditure on technology reached 47.19 billion yuan, growing by 10.0%, primarily focused on supporting high-quality development of key research institutions and technological breakthroughs [2] - Education expenditure was 102.6 billion yuan, with a year-on-year increase of 2.6%, aimed at promoting balanced educational development and supporting various educational initiatives [2]

Core Insights - Beijing's general public budget revenue for January to October reached 587.29 billion yuan, an increase of 3.9%, with tax revenue accounting for 86.8% of the total, maintaining the highest quality nationwide [1] - Local tax revenue in Beijing amounted to 509.9 billion yuan, growing by 6%, and also representing 86.8% of the general public budget revenue [1] Revenue Breakdown - The three main tax categories contributed a total of 395.82 billion yuan, reflecting an 8.5% growth, which constitutes 67.4% of the city's general public budget revenue [1] - Value-added tax generated 179.64 billion yuan, increasing by 5.8%, with a growth acceleration of 1.4 percentage points compared to September, primarily driven by increased investment income from financial institutions [1] - Corporate income tax reached 147.23 billion yuan, growing by 11.7%, supported by profit growth in the information and technology services sector [1] - Personal income tax totaled 68.95 billion yuan, with an 8.9% increase, continuing a rapid growth trend above 7% since the third quarter, driven by an active capital market and increased property income from interest and dividends [1] Expenditure Overview - Total general public budget expenditure for January to October was 676.07 billion yuan, reflecting a year-on-year growth of 4.8% and completing 79.7% of the annual budget [1] - Key expenditure areas included: - Science and technology spending of 47.19 billion yuan, up 10.0%, focusing on the construction of an international innovation center and supporting high-quality development of key research institutions [2] - Education expenditure of 102.6 billion yuan, increasing by 2.6%, aimed at promoting balanced educational development and supporting various educational initiatives [2] - Health spending of 55.77 billion yuan, growing by 2.4% [2] - Social security and employment expenditure of 107.11 billion yuan, with a growth of 4.6% [2] - Transportation expenditure of 31.69 billion yuan, increasing by 5.6% [2]

Core Insights - Beijing's fiscal revenue for the first three quarters of 2023 reached 503.99 billion yuan, marking a 3.6% increase, with corporate income tax maintaining a double-digit growth rate [1][2] - Total public budget expenditure amounted to 634.01 billion yuan, reflecting a 1.3% growth, with over 50% allocated to social welfare sectors [1][3] Revenue Summary - The city's general public budget revenue completed 503.99 billion yuan, achieving 76% of the annual budget [1] - Local tax revenue reached 432.74 billion yuan, growing by 5.5%, with tax revenue accounting for 85.9% of total revenue, maintaining the highest quality nationwide [1][2] - Major tax categories contributed 348.23 billion yuan, up 8.0%, representing 69.1% of total revenue [2] - Value-added tax generated 153.68 billion yuan, increasing by 4.4% [2] - Corporate income tax totaled 133.27 billion yuan, with a growth of 12.5% [2] - Personal income tax reached 61.28 billion yuan, growing by 8.0% [2] Expenditure Summary - Total public budget expenditure was 634.01 billion yuan, achieving 75% of the annual budget [2] - Key expenditure areas included: - Technology spending of 45.49 billion yuan, up 8.0%, focusing on international innovation center development [3] - Education expenditure of 94.04 billion yuan, increasing by 3.3%, aimed at promoting balanced educational development [3] - Health expenditure of 53.6 billion yuan, growing by 5.3%, to support public medical institutions and healthcare initiatives [3] - Social security and employment spending of 101.5 billion yuan, up 4.8%, to enhance the social security system [3] - Community spending of 74.29 billion yuan, increasing by 0.9%, supporting urban infrastructure projects [3]

Core Insights - Beijing's general public budget revenue for the first nine months reached 503.99 billion yuan, a year-on-year increase of 3.6%, achieving 76% of the annual budget target [1] - Local tax revenue amounted to 432.74 billion yuan, with a year-on-year growth of 5.5%, maintaining a high revenue quality [1] - The three main tax categories generated a total of 348.23 billion yuan, reflecting an 8% increase year-on-year, accounting for 69.1% of total revenue [1] Revenue Breakdown - Value-added tax generated 153.68 billion yuan, up 4.4% year-on-year, with growth driven by an active capital market and increased investment returns from financial enterprises [1] - Corporate income tax reached 133.27 billion yuan, a 12.5% increase, supported by improved operating efficiency and profit growth in the information and technology service sectors [1] - Personal income tax totaled 61.28 billion yuan, growing by 8%, influenced by one-time equity transfers and increased personal equity incentives from key enterprises [1] Expenditure Overview - General public budget expenditure for the first nine months was 634.01 billion yuan, a 1.3% increase, completing 75% of the annual budget [2] - Technology expenditure was 45.49 billion yuan, up 8%, focusing on the construction of an international innovation center and supporting high-quality development of key research institutions [2] - Education expenditure reached 94.04 billion yuan, increasing by 3.3%, aimed at promoting balanced education development and supporting various educational initiatives [2] - Health expenditure was 53.60 billion yuan, a 5.3% increase, aimed at enhancing public healthcare stability and supporting new medical institution constructions [2] - Social security and employment expenditure totaled 101.50 billion yuan, growing by 4.8%, focusing on improving the multi-level social security system and promoting quality employment [2] - Urban and rural community expenditure was 74.29 billion yuan, a 0.9% increase, aimed at supporting infrastructure projects and community governance [2]