In absolute terms, Sichuan and Henan still have the largest transfer payment budgets this year. This year, the two provinces received more than 400 billion yuan from the central government, including 468.808 billion yuan from Sichuan and 422.887 billion yuan from Henan.
The central governments transfer payment to the local government mainly considers the matching degree of financial power, administrative power and financial resources between the central government and the local government, as well as whether the local financial resources can provide effective public goods. If the answer is no, at the same time, it is difficult for local governments to tap into the potential to achieve balance of payments, and they do not have sufficient solvency, they can only solve the problem by increasing the transfer payments from the central government to local governments. On June 21, Lin Jiang, Professor of Economics Department of Lingnan College of Sun Yat sen University, said in an interview with times weekly.
Sichuan and Henan have won 800 billion yuan
Sichuan and Henan have always been the key targets of central transfer payment. According to the data collected from 2015 to 2020 by the times weekly, the two provinces have always occupied the first two places in the budget amount of transfer payment from the central government to local governments.
Sichuan and Henan are provinces with large population, which need to provide a large amount of public services. At the same time, they are underdeveloped as a whole. The proportion of agricultural population, the urbanization rate, the per capita GDP level are not high, and the financial resources are insufficient. These are the main reasons why the two provinces need the strong support of the central finance.
According to the data of the National Bureau of statistics, by the end of 2018, the five provinces with the largest permanent population were Guangdong, Shandong, Henan, Sichuan and Jiangsu. Among them, the proportion of urban population in Guangdong and Jiangsu is close to or more than 70%, and that in Shandong is 61%. In contrast, the urban population of Henan and Sichuan accounts for only 50%. This means that of the 96.05 million permanent residents in Henan and 83.41 million in Sichuan, nearly 50 million are still rural.
At the same time, although the total GDP of Henan and Sichuan in 2019 reached 5425.92 billion yuan and 4661.582 billion yuan respectively, ranking fifth and sixth among the 31 provinces in the country, the per capita GDP was only 56388 yuan (Henan) and 55774 yuan (Sichuan), ranking 17th and 18th in the middle and later level of the country.
It is worth noting that Sichuan, Henan, Yunnan, Hunan, Hubei and other places obtain higher central transfer payment amount.
For example, in 2019, the contribution of central transfer payment to the general public budget expenditure of Sichuan, Henan, Hunan, Yunnan and Hubei is between 42% and 56%, which is normal.
Among the 31 provinces, Tibet, Qinghai, Gansu and other western provinces have the highest contribution of central transfer payment to local general public budget expenditure. Take Tibet as an example. In 2019, Tibets general public budget revenue totaled 249.67 billion yuan, including 22.19 billion yuan of local revenue, 190.12 billion yuan of central subsidy revenue, and 218.05 billion yuan of general public budget expenditure. In simple calculation, the contribution of central subsidy income to Tibets expenditure reached 87%.
The financial resources of western provinces such as Tibet, Qinghai and Gansu are generally weak, and they have always lacked the ability to obtain non tax income by activating state-owned assets and other ways. In addition, their debt paying ability is weak, and the way to increase local income by borrowing is not sustainable, so they are highly dependent on the central finance. Linjiang analysis.
Behind the budget increase
On June 22, a person from Xiamen Municipal Bureau of Finance told the times weekly: the central governments budget for local transfer payments is determined after overall consideration by the central government, which will be different from the final implementation. For example, in 2019, the central governments transfer payment budget to Xiamen was 1.689 billion yuan, but the actual implementation was 9.933 billion yuan. Secondly, in general, the budget should increase year by year. Since the actual implementation amount of Xiamen in 2019 has reached 9.933 billion yuan, it is reasonable to increase the budget amount to 10.661 billion yuan in 2020.
Xiamen doesnt need to ask the central government for more money. Take 2019 as an example. In 2019, the total general public budget revenue of Xiamen is 132.85 billion yuan, of which 56.02 billion yuan is from the central government, which belongs to the area of subsidizing other places. This year, affected by the epidemic nationwide, the central government increased the transfer payment to the local government by increasing the deficit rate and the special national debt by two 1 trillion. It is reasonable that Xiamens budget has increased. The case of Xiamen is not typical, the person concerned stressed
Another province worthy of attention is Hubei.
According to the data released on the official website of the Ministry of finance, in 2020, the transfer payment budget of the central government to Hubei Province was 315.822 billion yuan, a slight increase of 8.1% compared with the budget in 2019.
On June 22, Professor Fan Ziying of Shanghai University of Finance and economics analyzed in an interview with times weekly: the starting point of central transfer payment is balance. At present, Hubeis economy is indeed under a relatively large impact, but the impact is expected to be mainly concentrated in the first quarter. Most of them think that with the recovery of social life in Hubei Province and the resumption of enterprises, their financial revenue can be restored to a certain extent. In addition, the support of the central finance also needs to be within certain rules. Based on this consideration, there is no significant increase in the scope of the central financial support.
But at this years NPC and CPPCC, Liu Kun made it clear in an interview on the minister channel that the central finance has also specially arranged support for Hubei. Where is this special support reflected?
To this end, Jia Kang, President of Huaxia new supply Economics Research Institute and researcher of China Academy of financial Sciences, told time weekly that to see the central governments support for Hubei, we need to see the structure of support. During the outbreak, the central government has implemented many special arrangements for Hubei. In addition, the national financial support for Hubei is also very strong. In addition, there is support for issuing local bonds, which are not reflected in the central transfer payment budget this time. Jia Kang thinks.
The central governments money to Hubei is not just over 300 billion yuan. Ye Qing, member of the Standing Committee of the CPPCC Hubei Provincial Committee and deputy director of the Bureau of statistics of Hubei Province, said in an interview with the times weekly.
According to the public information, in addition to the central transfer payment, the central finance has repeatedly supported Hubei.
At the same time, since March, the Ministry of finance has also established a weekly scheduling mechanism for treasury funds with Hubei Province: the central finance committee, based on the situation of Hubei Provinces financial revenue and expenditure, treasury fund operation, debt issuance and payment, will timely dispatch funds in weekly units to ensure the need of Hubei Provinces treasury fund turnover. In the first week of March, the central government allocated 35 billion yuan to Hubei Province in advance. On June 10, long Zhengcai, director of Hubei Provincial Department of finance, introduced in an interview that in order to support Hubei, the central finance has given special preference to Hubei in many aspects, such as prevention and control subsidies, treasury funds allocation, tax deduction, loan discount and so on, to help Hubei get through the difficulties. On the whole, at present, in combination with the given by the central finance and the found by Hubei itself, the Three Guarantees (basic operation, basic livelihood and wage protection) of Hubeis finance this year will not have major problems and can run smoothly. Source: responsible editor of times weekly: Wang Xiaowu_ NF
At the same time, since March, the Ministry of finance has also established a weekly scheduling mechanism for treasury funds with Hubei Province: the central finance committee, based on the situation of Hubei Provinces financial revenue and expenditure, treasury fund operation, debt issuance and payment, will timely dispatch funds in weekly units to ensure the need of Hubei Provinces treasury fund turnover. In the first week of March, the central government allocated 35 billion yuan to Hubei Province in advance.
On June 10, long Zhengcai, director of Hubei Provincial Department of finance, introduced in an interview that in order to support Hubei, the central finance has given special preference to Hubei in many aspects, such as prevention and control subsidies, treasury funds allocation, tax deduction, loan discount and so on, to help Hubei get through the difficulties. On the whole, at present, in combination with the given by the central finance and the found by Hubei itself, the Three Guarantees (basic operation, basic livelihood and wage protection) of Hubeis finance this year will not have major problems and can run smoothly.