乐生活From the perspective of fiscal revenue, the reduction of fees and taxes has made achievements. Individual income tax is the most obvious, falling by more than 30 percentage points over the same period last year. Although the cumulative income of VAT increased year on year, it dropped by 40% in May compared with April alone. This is also the main reason for the negative growth of fiscal revenue for the first time in this month.
However, the effect of reducing fees and taxes has brought two obvious consequences. First, the non-tax revenue has soared. The cumulative growth of non-tax revenue in the first quarter is 11.8% year-on-year, which has reached 16.1% this month, accounting for 12.7% of the total income. Non-tax revenue has been declining in the same period last year, with a decline of 10 points.
In the past, when fiscal revenue has slowed down, non-tax revenue will float up. It is not new to "tap potential actively and fill the gap". What is more noteworthy is that behind the negative growth of fiscal revenue this month, fiscal expenditure has also declined sharply. In the first four months, fiscal expenditure has basically maintained a double-digit growth, while in May, when there is no food in your pocket, the contraction of financial expenditure is very obvious, compared with the same period of the same month. Multi-point growth.
At present, major research institutes generally expect the second quarter economic data to be the lowest in the whole year, which means that there will be a lot of pressure in the second half of the year to achieve the economic goals. However, when the gap between revenue and expenditure is widening, the financial department, without new ideas and new actions, has been calling for fiscal stimulus last year, fearing that it will be faced with no ammunition to fight. Situation.
