The Ministry of Finance announced that the fiscal revenue in the first half of the year exceeded 10 trillion yuan, a record high! The growth rate of individual income tax is the fastest, reaching 20.3%!

Editor's note: The national financial revenue includes general public budget revenue and government fund revenue, among which the revenue from the transfer of state-owned land use right is included in the government fund. From January to June, the national general public budget revenue was 10433.1 billion yuan, up 10.6% year on year; From January to June, the budget revenue of national government funds totaled 3123.7 billion yuan, up 36% year on year. The total financial revenue of the two was 13556.9 billion yuan, a record high in the same period. The following specific contents and data of fiscal revenue and expenditure are quoted from the website of the Ministry of Finance of China.

Ministry of Finance of China:

In the first half of this year, the national fiscal revenue and expenditure ran well. Fiscal revenue has maintained a steady and rapid growth, fiscal expenditure has maintained a high intensity, expenditure has generally accelerated, and support for key areas and key links has been further strengthened, which has effectively promoted the steady and healthy development of the economy and society.

1、 National general public budget revenue and expenditure

（1） General public budget revenue.

From January to June, the national general public budget revenue totaled 10433.1 billion yuan, up 10.6% year on year. Among them, the general public budget revenue of the central government was 4989 billion yuan, up 13.7% year on year; Local general public budget revenue at the same level was 5444.1 billion yuan, up 8% year on year. The tax revenue in the national general public budget was 9162.9 billion yuan, up 14.4% year on year; Non tax income was 1270.2 billion yuan, down 10.8% year on year.

The main income items from January to June are as follows:

1. Domestic VAT was 3360 billion yuan, up 16.6% year on year. 2. The domestic consumption tax was 686.9 billion yuan, up 17.4% year on year. 3. Corporate income tax was 2392.8 billion yuan, up 12.8% year on year. 4. Individual income tax was 812.7 billion yuan, up 20.3% year on year. 5. VAT and consumption tax on imported goods reached 852 billion yuan, up 10.6% year on year; The tariff was 145.4 billion yuan, down 0.3% year on year. 6. Export tax rebates amounted to 766.1 billion yuan, up 7.3% year on year, which was reflected in the reduction of revenue. 7. Urban maintenance and construction tax was 254.2 billion yuan, up 16.2% year on year. 8. Vehicle purchase tax was 180.7 billion yuan, up 16.4% year on year. 9. Stamp duty was 129.9 billion yuan, up 8.5% year on year. Among them, stamp duty on securities transactions was 65.7 billion yuan, up 6.3% year on year. 10. Resource tax was 84 billion yuan, up 20.2% year on year. 11. Environmental protection tax was 4.6 billion yuan (newly levied this year). 12. In land and real estate related taxes, deed tax was 297.4 billion yuan, up 16% year on year; Land value-added tax was 323.1 billion yuan, up 10.7% year on year; Property tax was 148.4 billion yuan, up 6.9% year on year; Urban land use tax was 130.9 billion yuan, down 0.2% year on year; The tax on cultivated land occupation was 80.1 billion yuan, down 31.7% year on year. 13. Revenue from vehicle and vessel tax, ship tonnage tax, tobacco tax and other taxes totaled 45.9 billion yuan, up 5.2% year on year.

（2） General public budget expenditure.

From January to June, the national general public budget expenditure totaled 11159.2 billion yuan, up 7.8% year on year, 53.2% of the budget at the beginning of the year, 0.1 percentage points faster than the same period last year. Among them, the central general public budget expenditure at the same level was 1537.1 billion yuan, up 8.3% year on year; Local general public budget expenditure was 9622.1 billion yuan, up 7.8% year on year.

The main expenditure items from January to June are as follows: 1. Education expenditure was 1640 billion yuan, up 6.9%. 2. Expenditure on science and technology was 364.4 billion yuan, up 25.4%. 3. Expenditures on culture, sports and media reached 134.6 billion yuan, up 5.8%. 4. Expenditure on social security and employment was 1648.2 billion yuan, up 11.3%. 5. Expenditure on health care and family planning was 947.2 billion yuan, up 9.8%. 6. Energy conservation and environmental protection expenditure was 262.7 billion yuan, up 16.3%. 7. Expenditure on urban and rural communities was 1254.2 billion yuan, up 5.5%. 8. The expenditure on agriculture, forestry and water was 835.5 billion yuan, up 3.7%. 9. Transportation expenditure was 553.4 billion yuan, up 0.5%. 10. Debt interest payment expenditure was 366 billion yuan, up 19% year on year.

2、 Budget income and expenditure of national government funds

（1） Budget income of government funds.

From January to June, the budget revenue of national government funds totaled 3123.7 billion yuan, up 36% year on year. In terms of the central and local governments, the budget revenue of the central government funds was 192.2 billion yuan, down 1.9% year on year; The budget revenue of local government funds at this level was 2931.5 billion yuan, up 39.6% year on year, including 2694.1 billion yuan from the transfer of state-owned land use rights, up 43% year on year.

（2） Budget expenditure of government funds.

From January to June, the budget expenditure of national government funds was 2813 billion yuan, up 37.3% year on year. From the perspective of the central and local governments, the budget expenditure of the central government funds at the same level was 80.8 billion yuan, down 4% year on year; The budgetary expenditure of local government funds was 27322 yuan, up 39.1% year on year, including 2486.4 billion yuan of expenditure related to the transfer of state-owned land use rights, up 43% year on year.

China cancels tariffs on 98% of goods from 16 African countries

 Source: Liu Tianlin, editor in charge of Reference News Network

On September 7, it was reported on the website of the South China Morning Post of Hong Kong on September 5 that China has abolished tariffs on 98% of goods imported from 16 least developed countries, most of which are African countries. It is reported that Jamie Alexander Macleod of the African Institute of Filoz Largi at the London School of Economics and Political Science said that the move was "a promising start. If China is supplemented by targeted publicity, investment and support to help these countries achieve export diversification, then this start may exert greater influence". Sun Yun, director of the Stimson Center's China program, said that zero tariff would help achieve multiple goals: promoting trade, assisting the least developed countries and meeting China's domestic needs. Carlos Lopez, a professor at the University of Cape Town, South Africa, said: "This is one of the many things that China has announced. Other things include reducing the debt burden of African countries."

Excerpt from today's Congo