Chapter 679: Fiscal Deficit
"Your Majesty, Ministers, Peace,
Entrusted by my colleagues at the top and bottom of the Ministry of Finance, I would like to report to His Majesty and the Cabinet on the implementation of the five-year budget and the six-year budget of Chengten, and ask for their review, and to ask the cabinet ministers and important ministers present to give their opinions. ”
The end of the year is always the busiest time for government agencies, the annual work summary, the next year's work planning, internal work evaluation, inventory, annual meeting preparation, welfare ......, and so on, like the waves on the sea, going forward and successive.
However, for the central ministries and commissions, they also have to set aside a copy of the report of the Ministry of Finance that is issued at the end of early December every year.
"1. The implementation of the five-year financial budget of Chengtian
In the past few years, under the correct leadership of His Majesty and the Cabinet, the relevant work of the Ministry of Finance has conscientiously implemented a positive fiscal policy and continuously deepened the financial reform, focusing on the fiscal revenue as the center, adjusting and optimizing the expenditure structure, strengthening financial supervision, making every effort to ensure growth, people's livelihood, and stability, strengthening financial management, and fulfilling the task of adjusting the budget of fiscal revenue and expenditure approved by His Majesty...... "By the time of next year, the employees of the military, government officials, police, teachers, and other units throughout the country, Say goodbye to the policy of paying for the field. The basic salary, administrative allowances, welfare benefits, bonuses, etc. of public officials at all levels have been established as a whole system.
At the same time, in November this year, the Ministry of Finance fully completed last year's predetermined fiscal and tax revenue quota, and adjusted next year's fiscal budget in accordance with the changes in this year's revenue and expenditure.
"In the five years of Chengtian, China's fiscal revenue has continued to maintain a rapid growth trend, the quality of income has improved, and the available financial resources have increased greatly. The final account results are: the central agricultural tax and commercial tax revenue 120305 10,000 yuan, a year-on-year increase of 14.41%; local tax revenue was 421.1 million yuan, a year-on-year increase, 12.52%; Property Tax, Resource Tax and Behavior Tax ......"
Xie Hu, who was in charge of making financial reports for the emperor and the cabinet, had old and thick eyes on the bridge of his nose. The report of the Ministry of Finance, which is piled up with a large amount of data, cannot arouse people's emotions at all, and the large amount of data is not something that ordinary people can quickly make correct analysis and sorting after going through their brains. This thing has been sent to everyone before, and the details of it are already well known to those who are listening to it before today's report on the work of the Ministry of Finance is reported.
"In the five years of Chengtian, the central general public budget revenue was 1,544,934,500 yuan, 109.2% of the budget, an increase of 10.3% over the four years of Chengtian. Together with the 100 million yuan transferred from the central bank's budget stabilization and adjustment fund at the beginning of the year, the total income for use was 1644.9345 million yuan. The central general public budget expenditure was 1,841,611,100 yuan, a year-on-year decrease of 8.3% over the four years of Chengtian. Among them, the central government spent 625.7007 million yuan, 100.3% of the budget, a decrease of 10.2%; The central government's expenditure on local tax returns and transfer payments was 1,215,910,400 yuan, 99.5% of the budget, a year-on-year decrease of 7.4%. Together with 8.3234 million yuan for supplementing the central budget stabilization and adjustment fund, the total expenditure was 1849.9345 million yuan. The total revenue and expenditure of the central general public budget was offset, and the deficit was 3000000 yuan, which was the same as the budget. At the end of the year, the balance of the central financial treasury bonds was 156.5545 million yuan......
Summing up the final accounts of the central and local governments, the difference between revenue and expenditure of the national general public budget in the five years of Chengtian was 475 million yuan, and the deficit rate was 22.1%. The proportion of the central general public budget revenue in the national general public budget revenue was 85.9 percent, down 3.7 percentage points from 2013, and the proportion of the central general public budget expenditure at the same level in the national general public budget expenditure was 32.23 percent, down 2.5 percentage points from the four years of Chengtian.
……”
Ordinary people can't see the meaning of those huge numbers when they see this kind of financial report, and there are huge tricks hidden in these figures, such as the acres of land that have been consumed one after another in the entire five years of Chengtian - the nationwide policy of substituting land for wages has to be stopped step by step, rhythmically, and the fiscal policy has been changed one after another, and then a large number of acres of land that have been consumed in this have been erased by the Ministry of Finance.
Otherwise, the deficit ratio would not be much less than last year.
But on the whole, it can also be seen that China's finances are gradually turning to the good side. Although this fiscal deficit could immediately lead to economic turmoil in the 21st century, it is not very remarkable in the current era.
If you think it is high, and you think that there will be huge economic pressure on China to bear a huge fiscal deficit every year, then look at the British and French.
In a world where there are no mushrooms, a powerful country can usually win everything through war, and when the pressure of the economy is converted into a boost to war, the possibilities are endless as long as they can win. Like Russia!
The most important thing is that Chen Han has used the huge 'fiscal deficit' in recent years to greatly improve the financial guarantee for key expenditures such as transportation, schools, hospitals, and urban and rural infrastructure. All this has provided great convenience for China's rapid development in the future. In the absence of an imminent threat of foreign enemies in the periphery, and in the practical interests of the large colonies of Nanyang, Nanming, and North America, these fiscal deficits were not a problem at all.
Many people across the country know that the central bank prints money, and the money printed has been completely decoupled from the precious metals stored in the central bank. In the past two years, after Chen Han played the reorganization of the whole army, the central government seemed to be throwing money as if it was not bad money, which is obviously a sign of embarking on the old road of Daming treasure money. But there are many Daming treasure banknotes that will collapse in one day, and if Huayuan is really infinitely flooded, of course, it will take time to accumulate before it can become waste paper.
And it's only been a few years, huh?
Lao Chiang's fiat currency was also disrupted by the war before he reached a dead end, and China has been winning.
And the most important thing is that while the central bank is printing a lot of money, Chen Han has also strongly controlled the prices of grain, cloth, salt, iron and many other daily necessities. It is not required that they continue to fall, but they must not go up in a straight line.
What is Chen Han's really high price in recent years? It's land and houses. Especially in important cities, the price of housing land changes from year to year.
This phenomenon was first observed in the eastern seaboard trading ports, including Nanjing.
But it didn't take long for housing prices in Suzhou, Yangzhou, Anqing, Huai'an, Wuhan and other cities to skyrocket.
After the transportation construction plan formulated by the central government was completely exposed, all the land prices in the areas where national highways and railways pass through began to rise.
Anyway, in the past few years, the Chen Han government has saved a lot of money in this regard, and of course, stamp duty is also a big source of revenue.
In terms of fiscal expenditure this year, the salary of the entire public service system is a burden that cannot be ignored, and this huge figure has nipped Chen Ming's idea of subsidizing teachers and increasing performance-based pay in the bud, and the idea of implementing performance-based pay in the health system has also been abandoned. If you don't have that much money in your hands, don't be whimsical. With the current level of income, teaching is already a very good career. As for the construction of urban and rural infrastructure, the construction of the cityscape and the comprehensive improvement of the environment in beautiful key cities, that is, the increase of urban parks, all require a large amount of financial investment, and the contradiction between revenue and expenditure is more prominent.
And in the five years of Chengtian, the major state-owned banks also undertook to sell a lot of local government construction bonds, and this fund must of course be included in the supervision of the Ministry of Finance. Otherwise, something big can happen. Throughout the year, the Bank of China, the China Construction Bank, the Postal Savings Bank, the Bank of Communications, and the newly established Industrial and Commercial Bank of China successively issued 122 million yuan of local government bonds for Beijing, Tianjin, Shanghai, Xiamen, Guangzhou, Wuhan, Xi'an, Kaifeng, Anqing, and other key coastal and inland cities, and many of the funds have been included in the local financial budget for the coming year.
"In the new year, the state's financial resources will be mainly allocated for projects with clear purposes, the adjustment of the second-step subsidy for public officials at all levels, the simultaneous increase in the performance salary of high school and primary school teachers, the implementation of performance pay for health (including courts) personnel in remote, poor, backward and border areas, as well as key expenditures such as transportation construction, education, agriculture, water conservancy, and enterprise support."
Xie Hu stood in front of Chen Han's top group of people and talked slowly, Chen Ming listened attentively while paying attention to the eldest son Chen Ding standing beside him.
Chen Ding obviously didn't understand these things, and looking at his furrowed brows, he could feel how difficult it was for him to understand this report. But Chen Ding has been listening attentively, and occasionally muttered silently twice. Chen Ming was very happy.
However, it will not be long before Chen Ding is going to Sichuan-Tibet, and the month-long children's camp training will be at the junction of Sichuan and Tibet this year.
This is a very difficult place, and the boy camp there is a place where the Chen Han military specializes in training elites for mountain operations, and the environment is much more difficult than Sakhalin.
Wait until next summer, the first year of Chen Ding's high school, Chen Ming will throw him down in the desert of Xinjiang.
If you really want to command a country, you must have this country in your heart. Just like Chen Ming now, he has this 'country' in his heart. Although China is big, there is not an inch of extra land in his heart.
Chen Ming is establishing the concept of 'national territory' for his son, and he has to go all over the world and experience it.
Chen Dingyi, who had been in the Qianqing Palace for half the afternoon, returned to his residence in a daze, picked up a pen and wrote down a few numbers on a blank piece of paper that he silently remembered, the fiscal deficit was 475 million yuan, the central bank was 10,000 yuan, and the fiscal deficit rate was 22.1 percent......
"That's a lot of numbers."