Non-tax revenue falls sharply and the national fiscal balance is over trillion

The National Treasury released the 2010 central budget data, which was approved by the 11th session of the National People's Congress (NPC) at its third meeting, this year, arranging revenue growth of 8% per cent and a sharp drop in non-tax revenues. The Treasury Department also said the balance of payments was striking, making the fiscal deficit a modest size this year. "2010 is still a very difficult year for finance.　　　　"The Treasury said in the budget report. Non-tax revenue from 2010 to 18.1%, China's national revenue to arrange 7.393 trillion yuan, an increase of 8%.　　The central government revenue of 3.806 trillion yuan, an increase of 6%, local income of 3.587 trillion yuan, plus the central government to the local tax return and transfer payment of 3.0611 trillion yuan, total 6.6481 trillion yuan, increase 8.6%. The National revenue growth rate was down 11.7% from 2009 Year-on-year. This year the national fiscal spending arrangement is 8.453 trillion yuan, an increase of 11.4%. As a result, the national fiscal balance, the difference is 1.05 trillion yuan, more than last year's difference of 950 billion yuan.　　This year, the national fiscal balance is expected to account for 2.8% of GDP, roughly unchanged from the preceding year. The Treasury Department also said the balance of payments was striking, making the fiscal deficit a modest size this year. And for the next year to gradually reduce the deficit, to keep the deficit rate within 3%. "2010 is still a very difficult year for finance.　　"The Treasury said in the budget report. It is noteworthy that the 2010 Non-tax income fell sharply. This year, the non-tax income is 207.7 billion yuan, which includes the transfer of 1 billion yuan from the central state-owned capital Operation budget. This arrangement was reduced by 45.966 billion yuan in 2009, down 18.1%.　　The Treasury noted that this year was due mainly to the 2009 settlement of the outstanding oil arrears of 41.5 billion yuan by enterprises in the previous year. Most of the profits in the petrochemical industry this year, including the domestic value-added tax, consumption tax, business tax and other tax increases. The domestic VAT budget was 1.535 trillion yuan, an increase of 10.3% per cent from the 2009 implementation. The business tax budget was 19 billion yuan, an increase of 13.7% per cent from the 2009 implementation.　　The vehicle purchase tax is estimated at $133.8 billion, an increase of 15% per cent from the 2009 implementation.　　This year also arranged personal income tax growth of 7.4%, the stock Exchange stamp duty increase is not small, according to the expected stock trading volume, the budget arrangement increased by 4.2%. From the Ministry of Finance issued by the "2010 Central state-owned capital operating budget income statement" can be found that this year, the central state-owned capital operating income is expected to reach 42.1 billion yuan.　　Among them, the profit income is 42 billion yuan, which accounts for 99.8% of the various income of the central state-owned capital. And the most profitable industry for petroleum and Petrochemical Enterprises, its profit income is 13.441 billion yuan, accounting for the central state-owned capital operating income of 31.9%. Next is the tobacco enterprise, the profit income reaches 11.062 billion yuan, occupies the ratio 26.3%; in the third is the telecommunication enterprise, the profit amounted to 7.5 billion yuan, accounted forRatio of 17.8%.　　Roughly calculated, the profits of these three industries accounted for two-thirds of all central state-owned capital operating income, 76%.　　The open scope of the budget will widen the Treasury's announcement of the 2010 Central and local budget arrangements, and will further promote the disclosure of budget information.　　During the "two sessions" this year, there was a budget report "cold shoulder", said the Ministry of Finance's budget report has not been as hot as in previous years, but also a number of representatives think that the budget report is highly professional, data complex, difficult to read, and is not easy to participate in the discussion. Daiber, a spokesman for the Ministry of Finance, said yesterday that the Ministry of Finance was promoting the classification of government revenue and expenditure to bring it into line with international practice, and that budget subjects were set by expenditure function and economic classification to clearly reflect what the government expenditure was used for. At the same time, further refinement of the budget, more detailed reflection of the budget revenue and expenditure.　　In addition, the content of the budget report was refined, the relevant charts were added, and explanations and notes were strengthened. He pointed out that this year the central budget information disclosure more comprehensive.　　The increase of public content includes the balance of central Treasury bonds, the central government Fund income budget, the Central government fund expenditure budget and so on. For the next step of the budget information open work, Daiber said the next step will continue to increase public strength. Including further expansion of the scope of the central budget open, to increase the content of the public budget, and further promote the budget management reform, improve the standard system of budget expenditure and the classification system of government revenue and expenditure.