In the first 3 quarters of this year, Henan's financial revenue expanded 7.2 percent year-on-year to 519.2 billion yuan, up 6.9 percent compared with the figure of the same period in 2019, with an average two-year growth of 3.4 percent, said a source from the Department of Finance of Henan Province on October 21. The general public budget revenue expanded 5.4 percent year-on-year to 336.38 billion yuan (75.8 percent of the total budget planned for this year), up 7.4 percent compared with the figure of the same period in 2019, with an average two-year growth of 3.6 percent. Besides, it was 0.8 percentage points faster than expected.
China-Europe freight train (Zhengzhou). [Photo provided to dahe.cn]
The local tax revenue jumped 5.5 percent year-on-year to 219.68 billion yuan, up 0.8 percent compared with the figure of the same period in 2019, with a two-year average growth of 0.4 percent, while the non-tax revenue rose 5.2 percent year-on-year to 116.7 billion yuan, up 22.3 percent compared with the figure of the same period in 2019, with a two-year average growth of 10.6 percent. The tax revenue accounted for 65.3 percent of the province's general public budget revenue, 0.1 percentage point higher than last year.
In the first 3 quarters, the general public budget expenditure saw a year-on-year increase of 1.7 percent to 836.84 billion yuan, accounting for 81.5 percent of the total budget (1026.51 billion yuan) planned for this year, 2.8 percentage points higher than last year. Besides, it was 6.5 percentage points faster than expected.
Specifically, the expenditure on emergency management, sci & tech, education, culture & tourism and housing saw a year-on-year increase of 142.7 percent, 18 percent, 6 percent, 3.1 percent and 7.2 percent respectively, which effectively safeguarded the development of key areas and people's well-being. (Chinese source: dahe.cn Translator: Zhao Hanqing Poster: Wang Junyi Proofreader: Bai Yujie)
