Interview Notes: Using Precious "Real Gold and Silver" on the Blade to Relieve Difficulties | Reporter | Silver

Xinhua News Agency, Beijing, July 20th (Xinhua) - Interview Notes: Using Precious "True Gold and Silver" on the Blade

Xinhua News Agency reporters Han Jianuo, Yu Qiongyuan, and Shen Cheng

In the Shannan Street Education Community of Anshan City, Liaoning Province, passing through a row of red walled buildings from the 1990s, the reporter met Ms. Han, a citizen. A few years ago, her husband passed away due to illness, and her young daughter was raised by her alone. Coupled with her own weak and sickly condition, since 2016, Ms. Han and her daughter have been enjoying the national assistance policy for disadvantaged groups.

"I can receive full national subsidies every month, and the subsidy amount has increased from 1288 yuan per month to 2209 yuan now," Ms. Han said.

"We insist on taking ensuring and improving people's livelihoods as the starting point and foothold of financial work, prioritizing arrangements and guarantees." Li Fei, the head of the Social Security Department of the Anshan City Finance Bureau in Liaoning Province, introduced that when preparing the budget at the beginning of the year, we will prioritize the allocation of funds to ensure the basic livelihood of people in need. In addition, we will strengthen the supervision of assistance and subsidy funds for disadvantaged groups, ensure that they are used for specific purposes, and effectively improve the efficiency of fund utilization.

Strengthening the focus of attention is a profound experience for journalists in conducting research in multiple locations. Since the beginning of this year, the data related to fiscal revenue has shown a recovery and recovery, but the operation of local fiscal revenue and expenditure has continued to be tight and balanced. In the face of complex fiscal revenue and expenditure situations, financial departments in many regions have taken the initiative to further compress non rigid and non urgent expenditures, optimize expenditure structures, and ensure that each fund is used on the cutting edge and in critical situations.

Since the beginning of this year, several key projects in Nanzhang County, Hubei Province have received support from local government special bond funds. "In the context of very limited financial growth, local government special bond funds are particularly valuable. We have put effort into selecting projects, prioritizing major infrastructure and key livelihood guarantee projects. At the same time, we are striving to promote the formation of physical workload for bond funds as soon as possible, further improving the management level and efficiency of bond projects," said Guo Jidong, Director of the Finance Bureau of Nanzhang County, Hubei Province.

Not only does it focus on safeguarding people's livelihoods, but local financial departments are also working hard to help enterprises alleviate difficulties, ensuring that tax and fee preferential policies benefit enterprises.

In the scorching summer of Shenyang, in the office building of Liaoning Jingwei Surveying and Mapping Planning and Construction Co., Ltd., CFO Liu Yang calculated a "tax reduction" account for reporters: the company currently has 160 employees, and in 2022, it enjoys various tax reductions of over 1.5 million yuan. Since 2020, it has exceeded 1.2 million yuan annually.

"The combined amount of tax and fee incentives in recent years has been very helpful to us!" Liu Yang told reporters that starting from July this year, we will further enjoy the R&D additional deduction tax and fee preferential policy, which is expected to be reduced by 200000 to 300000 yuan.

Implementing large-scale tax and fee reductions has been a major focus of fiscal policy in recent years. In recent years, under a series of tax and fee reduction policies, the proportion of tax revenue to China's GDP has decreased from around 17% in 2018 to 13.8% in 2022, and after excluding factors such as tax deductions and refunds, it is around 15%.

Optimize and improve the income tax policies for small and micro enterprises and individual industrial and commercial households, continue to implement phased reductions in unemployment insurance and work-related injury insurance rates, and continue to implement preferential policies for urban land use tax on land used for bulk commodity storage facilities in logistics enterprises... Since the beginning of this year, multiple tax and fee preferential policies have been continued and further improved.

During the interview, local finance officials told reporters that the tax and fee reduction policy not only strongly supports enterprises in reducing their burdens and relieving difficulties, but also leads to a decrease in fiscal revenue. This is an addition to the development of enterprises by subtracting fiscal revenue.

"We insist on offering practical measures and finding ways to benefit and assist enterprises, and use 'real gold and silver' to help enterprises' move forward with ease." Qin Jing, Deputy Director of the Finance Bureau of Xiangyang City, Hubei Province, introduced that last year, Xiangyang City added a total of 7.63 billion yuan in tax refunds, tax reductions, and fee reductions. In the first half of this year, the Municipal Financing Guarantee Group added 1.875 billion yuan in guaranteed loans, providing more than 8.1 billion yuan in guaranteed loan support to nearly 8000 small and micro enterprises in the city. A 500 million yuan emergency relief fund has been established to support small and medium-sized enterprises in relocating and renewing loans. In the first half of the year, 253 enterprises in the city have been provided with bridge funding support, with a scale of relocating and renewing loans of 3.6157 billion yuan.

Every stroke of fiscal funds has been effectively implemented, and each fiscal policy has been implemented in detail. During the investigation, the reporter felt that in the context of sustained tight and balanced fiscal operations, financial departments in various regions are currently adhering to the principle of retaining and optimizing structures, focusing on improving the efficiency of fund utilization. "Whether limited funds can be effectively used on the cutting edge and in key areas of national economy and people's livelihood" has become a benchmark for testing the work of financial departments at all levels.