Nearly 20000 projects supported by local government special bonds in the first half of the year, including benefiting people's livelihoods, addressing weaknesses, and enhancing strengths and weaknesses | News | Government

Release time:Apr 14, 2024 07:28 AM

CCTV News: This morning, the Ministry of Finance held a press conference to announce the fiscal revenue and expenditure situation for the first half of 2023. Data shows that in the first half of the year, the general public budget revenue in China increased by 13.3% year-on-year, with a relatively high increase in fiscal revenue.

Data shows that in the first half of the year, the national general public budget revenue was 11920.3 billion yuan, a year-on-year increase of 13.3%. Among them, the central general public budget revenue was 5388.4 billion yuan, a year-on-year increase of 13.1%.


Nearly 20000 projects supported by local government special bonds in the first half of the year, including benefiting people's livelihoods, addressing weaknesses, and enhancing strengths and weaknesses | News | Government

Xue Xiqian, Deputy Director of the National Treasury Payment Center of the Ministry of Finance: The growth rate of fiscal revenue is relatively high. In addition to the economic recovery driven growth, it is mainly due to the implementation of a large-scale value-added tax retention and refund policy starting from April last year, with more concentrated tax refunds and a lower base. As a result, tax revenue, especially domestic value-added tax, has significantly increased, correspondingly driving up the growth rate of fiscal revenue.

From the perspective of tax revenue, in the first half of the year, the national tax revenue was 9966.1 billion yuan, a year-on-year increase of 16.5%. Among them, the domestic value-added tax increased by 96%, mainly due to the high number of tax refunds and low base in the same period last year. From the perspective of non tax revenue, in the first half of the year, the national non tax revenue was 1954.2 billion yuan, a year-on-year decrease of 0.6%.


Nearly 20000 projects supported by local government special bonds in the first half of the year, including benefiting people's livelihoods, addressing weaknesses, and enhancing strengths and weaknesses | News | Government

Xue Xiqian, Deputy Director of the Treasury Payment Center of the Ministry of Finance: From the perspective of later income trends, the overall recovery of China's economic operation will provide important support for the growth of fiscal revenue. But with the gradual recovery of the normal situation of retained tax refunds in the second half of last year, the incomparable factor of the year-on-year decrease in retained tax refunds in the second half of this year will gradually fade away, and the monthly fiscal revenue growth rate will correspondingly decline, which is in line with the growth of economic tax sources.

Ministry of Finance: Nearly 20000 local government special bond support projects in the first half of the year


Nearly 20000 projects supported by local government special bonds in the first half of the year, including benefiting people's livelihoods, addressing weaknesses, and enhancing strengths and weaknesses | News | Government

At the press conference, the relevant person in charge of the Ministry of Finance also introduced that in the first half of this year, local government special bonds have cumulatively supported nearly 20000 projects.

Data shows that in the first half of this year, various regions issued 2172.1 billion yuan of special bonds for project construction, supporting the implementation of a large number of projects that benefit people's livelihoods, fill gaps, and strengthen weak areas.


Nearly 20000 projects supported by local government special bonds in the first half of the year, including benefiting people's livelihoods, addressing weaknesses, and enhancing strengths and weaknesses | News | Government

Li Dawei, Deputy Director of the Budget Department of the Ministry of Finance: In the first half of the year, nearly 20000 special bond projects have been supported, with priority given to supporting the construction of major national strategies and projects. Among them, 727.5 billion yuan was used for municipal construction and industrial park infrastructure, 421.1 billion yuan for transportation infrastructure, 358.8 billion yuan for social undertakings, and 326.7 billion yuan for affordable housing projects, which played an important role in driving the expansion of effective investment and maintaining stable economic operation.

Li Dawei introduced that in the first half of this year, approximately 200 billion yuan was used as project capital in various regions, mainly concentrated in the field of transportation infrastructure, with nearly half being used for major national strategic projects.


Nearly 20000 projects supported by local government special bonds in the first half of the year, including benefiting people's livelihoods, addressing weaknesses, and enhancing strengths and weaknesses | News | Government

Li Dawei, Deputy Director of the Budget Department of the Ministry of Finance: Special bonds must be used for the construction of profitable public welfare projects. The project supervisory department and project units are required to analyze the balance of project financing income in detail. Financial departments at all levels also regard the balance of financing income as a key point of review. Those who do not meet the conditions are not allowed to be included in the special bond project database, nor are they allowed to apply for special bond funds to effectively prevent the risk of special bond repayment.

The relevant person in charge of the Ministry of Finance stated that the next step will continue to issue notifications and warnings on the progress of special bond expenditures in various regions, guide local governments to accelerate the pace of special bond issuance and use, actively play the positive role of special bonds in driving effective investment, and use stable investment to drive stable employment and growth, better leveraging the effectiveness of special bonds.


Nearly 20000 projects supported by local government special bonds in the first half of the year, including benefiting people's livelihoods, addressing weaknesses, and enhancing strengths and weaknesses | News | Government
Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case
Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest
Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology
Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet
The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale
New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【