Beijing: Enterprises Reduce the Burden of 180 Billion Government to Live a Tight Day

category:Finance
 Beijing: Enterprises Reduce the Burden of 180 Billion Government to Live a Tight Day


Yesterday morning, the Beijing Municipal Finance Bureau took the initiative to make public the final accounts of the municipal government in 2018 and the budget implementation in the first half of 2019. According to the disclosure of final accounts, the expenditure on financial allocation for the three public funds at Beijing level reached 520 million yuan last year, down nearly 40% from the budget of 810 million yuan at the beginning of this year. In addition, the city has alleviated the tax burden on enterprises and society by about 40 billion yuan. This year, the tax reduction and fee reduction policy will continue to increase. It is expected that the burden will be alleviated by nearly 180 billion yuan in the whole year.

Beijing Youth Daily reporter noted that this year the Municipal Finance Bureau for the first time made public the governments expenditure on purchasing services. The newly published Government Purchase Service Expenditure Statement covers six first-level catalogues of basic public services, social managerial services, auxiliary services for government performance and 60 second-level catalogues of educational, medical, cultural and logistical services. This table is mainly used to reflect the situation of various departments in playing the role of market mechanism and purchasing service funds from social forces and institutions. The relevant person in charge of the Municipal Finance Bureau explained that.

In addition to the new public form of government purchasing services, the number of financial performance evaluation reports has been increased this year, from four reports in the previous year to six reports, including preschool education, millions of Mu afforestation, motor vehicle law enforcement capacity-building, technology service platform support funds, labor preparation training subsidy and premix mixing. The key expenditures and major policies in the evaluation of the quality of condensate are evaluated, the existing problems are pointed out, and relevant suggestions are put forward.

On the basis of announcing the local government debt limit and balance in previous years, the newly published Beijing 2018 Local Government Bond Usage Table and Beijing 2018 Local Government Bond Issuance and Debt Payment Table further refine the specific project name, implementation unit and bond that reflect the use of bonds. Size and other circumstances, as well as local government debt issuance, capital repayment expenditure, interest payment expenditure and so on.

As the focus of social attention in recent years, Beijing achieved remarkable results in tax reduction and fee reduction last year. According to the data of the Municipal Finance Bureau, in 2018, by reducing the VAT tax rate, unifying the standard of small-scale taxpayers, expanding the preferential treatment of enterprise income tax and stamp tax, and implementing the reform of individual income tax, the city reduced the tax burden on enterprises and society by about 40 billion yuan, mainly VAT, enterprise income tax and individual income tax, which accounted for three items. The ratio is 85%.

The relevant person in charge of the Municipal Finance Bureau said that this year Beijing will implement the central decision-making, implement the policy of preferential tax reduction for small and micro enterprises, deepen the reform of value-added tax, implement the reform of individual income tax in an all-round way, and reduce the proportion of employeesbasic pension insurance units. It is reported that by the end of June this year, the city has reduced the burden of enterprises and society by 105.35 billion yuan, of which 54.41 billion yuan, accounting for more than 50%. It is expected that this year will add, reduce and reduce taxes and fees for market participants by nearly 180 billion yuan.

According to reports, in the first half of 2019, Beijings GDP grew by 6.3% year-on-year. Among them, financial, information services, science and technology services and other key industries contributed nearly 70% to economic growth. New industries such as high-tech manufacturing, strategic emerging industries and new industries grew steadily.

Decrease 10% of government expenditure this year to lead a tight day

On the issue of breaking the contradiction between revenue and expenditure, the municipal finance has also intensified the efforts of fund co-ordination and strengthened budget constraints. It is reported that in 2018, the municipal finance has increased the proportion of state-owned capital income transferred into the general public budget, from 22% to 25%, opening up the channels of stock funds and current budget funds.

This year, the overall planning will be further strengthened. Recently, the Municipal Finance Bureau issued the Measures on Strengthening Expenditure Budget Management by Firmly Establishing the Thought ofTight Days. In the second half of the year, the Municipality will strengthen the cost control of fiscal expenditure from nine aspects to promote the sustainable development of finance, including: reducing 10% of non-rigid, non-key general expenditure; and increasing the recovery of surplus funds. Strictly control the demand for new funds; reduce the funds for asset acquisition, revitalize the governments stock assets; assess and standardize expenditure policies, etc. Continuously improve the performance of the use of financial funds and do more with less money. The relevant person in charge of the Municipal Finance Bureau said.

The expenditure of the Three Public Officers has fallen by more than 30% over the budget.

The main reasons for the large decline of thethree officialare that the municipal departments thoroughly implement the spirit of the Eight Provisions of the Central Committee, strictly control administrative costs, strictly control the number of people going abroad, the scale of official reception and reception standards, strictly control the purchase of official vehicles, and strengthen the daily use and management of official vehicles. The relevant person in charge of the Municipal Finance Bureau explained.

Wen/our reporter Lin Yan

Source: Han Yukun_NBJ11142, responsible editor of Beijing Youth Daily