税收作为经济运行的"晴雨表"，成为经济向好发展的印证。 财政部数据显示，今年前8个月，全国一般公共预算收入148198亿元，同比增长0.3%。其中，全国税收 收入121085亿元，同比微增0.02%。这是今年以来全国税收收入累计增速首次由负转正。 中诚信国际研究院分析师汪苑晖表示，前8月全国税收收入增速结束17个月负增长态势，是2024年以来 首次转正。主要税种方面，今年前8个月，国内增值税收入为47389亿元，同比增长3.2%，收入增速较 前7个月略有加快；企业所得税收入为31477亿元，同比增长0.3%，这是今年以来企业所得税收入累计 增速首次由负转正；国内消费税收入为11523亿元，同比增长2%；个人所得税收入为10547亿元，同比 增长8.9%。 "增速方面，个人所得税增速领跑主要税种，主要与去年相关税收优惠政策实施形成的低基数有关，同 时也与资本市场交易活跃、部分居民收入提升等有关。"汪苑晖说。 （文章来源：中国经营报） 今年以来，一般公共预算收入增速延续负增长态势、但降幅逐月收窄，7月全国一般公共预算收入累计 同比增速在年内首次转正，8月延续回暖态势，累计同比增长0.3%，高于年初预算目标增速（0 ...

Core Viewpoint - The overall fiscal revenue in China has shown stability and growth in the first eight months of 2025, reflecting a positive economic trend, with tax revenue turning from negative to positive for the first time this year [3][4]. Fiscal Revenue - The total general public budget revenue reached 148,198 billion yuan, a year-on-year increase of 0.3% [3]. - Tax revenue amounted to 121,085 billion yuan, with a slight increase of 0.02% year-on-year, marking the first positive growth in tax revenue this year [3][4]. - The four major tax categories all experienced growth: - Domestic VAT: approximately 47,000 billion yuan, up 3.2% [5]. - Corporate income tax: approximately 32,000 billion yuan, up 0.3%, indicating a potential improvement in corporate profitability [5]. - Domestic consumption tax: approximately 12,000 billion yuan, up 2% [5]. - Personal income tax: approximately 11,000 billion yuan, up 8.9%, linked to increased property income for certain demographics [5]. Non-Tax Revenue - Non-tax revenue reached 27,113 billion yuan, growing by 1.5%, significantly lower than the 11.7% growth seen in the same period last year [6]. Government Fund Revenue - Government fund budget revenue totaled 26,449 billion yuan, a year-on-year decrease of 1.4%, with land use rights transfer income at 19,263 billion yuan, down 4.7% [7]. Government Debt and Expenditure - Net financing of government bonds reached 10.27 trillion yuan, an increase of 4.63 trillion yuan year-on-year, indicating increased government borrowing to support fiscal spending [9]. - General public budget expenditure was 179,324 billion yuan, up 3.1%, with significant investments in social security, education, and healthcare [11]. - Government fund budget expenditure was 62,602 billion yuan, a substantial increase of 30%, primarily directed towards major project construction to stabilize the economy [11].

Core Viewpoint - The overall fiscal revenue in China has shown stability and growth in the first eight months of 2025, reflecting a positive economic trend, with tax revenue growth turning from negative to positive for the first time this year [2][3]. Group 1: Fiscal Revenue Overview - National general public budget revenue reached 148198 billion yuan, a year-on-year increase of 0.3% [2]. - National tax revenue totaled 121085 billion yuan, with a slight year-on-year increase of 0.02%, marking the first positive growth in tax revenue this year [2]. - The four major tax categories (domestic VAT, corporate income tax, domestic consumption tax, and individual income tax) all maintained growth in the first eight months [2]. Group 2: Tax Revenue Breakdown - Domestic VAT, the largest tax source, generated approximately 47000 billion yuan, with a year-on-year growth of 3.2% [2]. - Corporate income tax, the second-largest source, amounted to about 32000 billion yuan, with a year-on-year increase of 0.3%, indicating a potential improvement in corporate profitability [2]. - Domestic consumption tax generated around 12000 billion yuan, with a year-on-year growth of 2% [2]. - Individual income tax reached approximately 11000 billion yuan, showing a significant year-on-year increase of 8.9%, attributed to rising property income among certain demographics [2]. Group 3: Non-Tax Revenue and Government Fund Income - Non-tax revenue for the first eight months was 27113 billion yuan, reflecting a year-on-year growth of 1.5%, significantly lower than the previous year's growth rate of 11.7% [3]. - Government fund budget revenue, primarily from land sales, was 26449 billion yuan, a year-on-year decrease of 1.4%, with land use rights transfer income at 19263 billion yuan, down 4.7% [4]. Group 4: Fiscal Expenditure and Debt Financing - National general public budget expenditure reached 179324 billion yuan, a year-on-year increase of 3.1%, with a focus on social welfare and employment, education, and health care [6]. - Social security and employment expenditure exceeded 30000 billion yuan, growing by 10% year-on-year [6]. - Government bond net financing for the first eight months was 102700 billion yuan, an increase of 46300 billion yuan year-on-year, supporting a more proactive fiscal policy [6].

9月17日，财政部公布2025年1—8月财政收支情况： 一、全国一般公共预算收支情况 （一）一般公共预算收入情况。 1—8月，全国一般公共预算收入148198亿元，同比增长0.3%。其中，全国税收收入121085亿元，同比 微增0.02%；非税收入27113亿元，同比增长1.5%。分中央和地方看，中央一般公共预算收入64268亿 元，同比下降1.7%；地方一般公共预算本级收入83930亿元，同比增长1.8%。 主要税收收入项目情况如下： 1.国内增值税47389亿元，同比增长3.2%。 2.国内消费税11523亿元，同比增长2%。 3.企业所得税31477亿元，同比增长0.3%。 4.个人所得税10547亿元，同比增长8.9%。 5.进口货物增值税、消费税11770亿元，同比下降6.7%。关税1527亿元，同比下降6.5%。 6.出口退税15766亿元，同比增长9%。 7.城市维护建设税3471亿元，同比增长2.9%。 8.车辆购置税1334亿元，同比下降17.7%。 9.印花税2844亿元，同比增长27.4%。其中，证券交易印花税1187亿元，同比增长81.7%。 主要支出科目情况如下： 10.资源税194 ...

Core Insights - The Ministry of Finance reported that from January to July, the national general public budget revenue reached 13.58 trillion yuan, a year-on-year increase of 0.1%, marking the first positive growth in revenue for the year [1] - Tax revenue totaled 11.09 trillion yuan, a slight decline of 0.3% year-on-year, while non-tax revenue increased by 2% to 2.49 trillion yuan [1] - The recovery in fiscal revenue growth in July was attributed to improved corporate profit expectations and the wealth effect from the rising Shanghai Composite Index [1] Tax Revenue Breakdown - Domestic value-added tax revenue was approximately 4.26 trillion yuan, up 3% year-on-year, indicating stable growth in industrial and service sectors [2] - Corporate income tax revenue was about 3.06 trillion yuan, down 0.4%, reflecting pressure on corporate profits [2] - Import goods value-added tax and consumption tax totaled 1.03 trillion yuan, down 6.1%, consistent with weak import trends [2] - Personal income tax revenue reached 927.9 billion yuan, up 8.8%, supported by stable growth in resident income and improved tax administration [2] - Securities transaction stamp duty revenue was 936 billion yuan, up 62.5%, indicating active capital market trading [2] Monthly Trends - From April onwards, monthly tax revenue has shown continuous positive growth for four consecutive months, with July seeing a significant increase of 5% [2][4] - The cumulative decline in tax revenue narrowed significantly, with a reduction of 0.3% for the first seven months compared to a 1.2% decline in the first half of the year [4] Sector Performance - Key sectors such as equipment manufacturing and modern services showed strong tax revenue performance, with notable increases in specific industries like railway and aerospace equipment [5] - The overall tax revenue performance is expected to improve in the second half of the year, driven by stable economic conditions and active capital markets [6] Government Expenditure - From January to July, national general public budget expenditure reached 16.07 trillion yuan, a year-on-year increase of 3.4%, with significant growth in social security, education, and health expenditures [9] - The issuance of government bonds has accelerated, contributing to a stronger fiscal expenditure environment [9] - The broad fiscal expenditure, combining general public budget and government fund expenditures, grew by 8.9% year-on-year, marking a strong performance [10]