On November 17th, the Ministry of Finance released data showing that the monthly growth rate of the national general public budget revenue continued to increase, and the cumulative growth rate steadily rebounded. In October, the national general public budget revenue was 2.26 trillion yuan, a year-on-year increase of 3.2%. Among them, the central and local incomes increased by 2.3% and 4% respectively. In the first 10 months, the national general public budget revenue was 1.865 trillion yuan, an increase of 0.8%, which was 0.3 percentage points higher than the previous 9 months. The general public budget revenue consists of tax revenue and non tax revenue. In October, the national tax revenue was 2.07 trillion yuan, an increase of 8.6%, which was basically the same as the previous month. The sustained and rapid growth of tax revenue shows that the stable and progressive economy has provided strong support for tax sources, "said Li Xuhong, Vice President and Professor of the National Institute of Accounting in Beijing. In the first 10 months, the national tax revenue was 1.534 trillion yuan, an increase of 1.7%, an increase of 1 percentage point compared to the first 9 months. Among them, domestic value-added tax, domestic consumption tax, corporate income tax, and personal income tax increased by 4%, 2.4%, 1.9%, and 11.5% respectively, with growth rates 0.4, 0.2, 1.1, and 1.8 percentage points higher than the previous 9 months, respectively. Li Xuhong believes that the main tax categories have performed well, reflecting the resilience of both the production and consumption sides, and the overall stability of employment and enterprise operations. In addition, in the first 10 months, stamp duty revenue was 378.1 billion yuan, a year-on-year increase of 29.5%. Among them, the stamp duty on securities trading was 162.9 billion yuan, a year-on-year increase of 88.1%. This reflects the active trend of the capital market, "said He Daixin, director and researcher of the Finance Research Office at the Institute of Financial Strategy, Chinese Academy of Social Sciences. The tax performance of industries such as equipment manufacturing and modern services is good. In the first 10 months, the tax revenue of the computer communication equipment manufacturing industry increased by 12.7%, the tax revenue of the electrical machinery and equipment manufacturing industry increased by 7.9%, the tax revenue of the scientific research and technology service industry increased by 14.8%, and the tax revenue of the cultural, sports and entertainment industry increased by 5.7%. In terms of expenditure, financial departments at all levels have implemented more proactive fiscal policies, increased expenditure intensity, optimized expenditure structure, and continuously strengthened expenditure guarantees for key areas. Statistics show that in the first 10 months, the national general public budget expenditure was 22.58 trillion yuan, a year-on-year increase of 2%. Among them, social security and employment expenditure increased by 9.3%, education expenditure increased by 4.7%, health expenditure increased by 2.4%, science and technology expenditure increased by 5.7%, energy conservation and environmental protection expenditure increased by 7%, and cultural tourism, sports and media expenditure increased by 2.5%. The growth rate of expenditures on education, science and technology, social security and employment, energy conservation and environmental protection ranks among the top, reflecting that fiscal resources are investing more in people and supporting innovation. ”He Daixin said. Meanwhile, in the first 10 months, the national government fund budget revenue was 3.45 trillion yuan, a year-on-year decrease of 2.8%; The budget expenditure of national government funds was 8.09 trillion yuan, up 15.4%, mainly because the governments at all levels continued to accelerate the use of bond funds, and 4.54 trillion yuan was spent on special bonds of local governments, ultra long term special treasury bond, and special treasury bond injected by central financial institutions. He Daixin believes that the national government fund budget expenditure maintains a relatively fast growth rate, effectively promoting stable investment and growth. Overall, the financial operation in the first 10 months showed the characteristics of gradually improving income, strong expenditure guarantee, and continuous optimization of structure. ”Li Xuhong believes that in the next stage, it is still necessary to maintain a proactive fiscal policy, continue to strengthen the guarantee of key expenditures, expand effective demand, and better play the structural adjustment function of fiscal policy, promote economic recovery and sustainable fiscal formation, and lay a solid foundation for achieving the annual economic and social development goals. The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China proposed to leverage the role of proactive fiscal policies. Finance Minister Lan Fo'an recently stated that he will closely focus on the major goals, strategies, and measures proposed at the plenary session, and strengthen financial funding and policy support. Adhere to a positive orientation, strengthen countercyclical and cross cyclical adjustments, reasonably determine the deficit ratio and borrowing scale according to changes in the situation, combine the use of budget, taxation, government bonds, transfer payments and other tools, make good use of policy space, maintain expenditure intensity, and form sustained support for economic and social development. (New Society)