NPC, CPPCC Annual Sessions 2009
BEIJING, March 15 (Xinhua) -- The following is the full text of the Report
on the Implementation of the Central and Local Budgets for 2008 and on the Draft
Central and Local Budgets for 2009, which was submitted for review on March 5,
2009 at the Second Session of the Eleventh National People's Congress and was
adopted on March 13:
REPORT ON THE IMPLEMENTATION OF
THE CENTRAL AND LOCAL BUDGETS FOR 2008 AND ON THE DRAFT CENTRAL AND LOCAL
BUDGETS FOR 2009
Second Session of the Eleventh National People's Congress March 5, 2009
Ministry of Finance of the People's Republic of China
Fellow Deputies,
The Ministry of Finance has been entrusted by the State Council to report
on the implementation of the central and local budgets for 2008 and submit the
draft central and local budgets for 2009 for your deliberation and approval, and
also for comments and suggestions from the members of the National Committee of
the Chinese People's Political Consultative Conference (CPPCC).
I. Implementation of the Central and Local
Budgets for 2008
In the face of the grim and complex situations at home and abroad, the
people of all our ethnic groups under the correct leadership of the Communist
Party of China and the guidance of Deng Xiaoping Theory and the important
thought of Three Represents, thoroughly applied the Scientific Outlook on
Development and comprehensively implemented the principles and policies of the
central leadership and the decisions and resolutions of the First Session of the
Eleventh National People's Congress (NPC) in 2008. As a result, we made major
continued achievements in reform, opening up and socialist modernization. The
central and local budgets were satisfactorily implemented and fresh progress was
made in reform and development of the public finance system.
National revenue reached 6.13169 trillion yuan, an increase of 999.512
billion yuan or 19.5% over 2007 (both here and below), equivalent to 104.8% of
the target. This consists of 3.267199 trillion yuan collected by the central
government and 2.864491 trillion yuan collected by local governments. Added to
the 110 billion yuan taken from the central budget stabilization fund, total
revenue came to 6.24169 trillion yuan. National expenditures amounted to
6.242703 trillion yuan, an increase of 1.264568 trillion yuan or 25.4%,
equivalent to 101.7% of the target. This figure consists of 1.337431 trillion
yuan used by the central government and 4.905272 trillion yuan used by local
governments. Added to the 19.2 billion yuan set aside for the central budget
stabilization fund, total expenditures amounted to 6.261903 trillion yuan.
Revenue in the central budget totaled 3.361192 trillion yuan, an increase
of 499.997 billion yuan or 17.5%, equivalent to 103.3%of the target. This
consists of 3.267199 trillion yuan directly collected by the central government
and 93.993 billion yuan turnedover by local governments. Added to the 110
billion yuan from the central budget stabilization fund, total revenue came to
3.471192 trillion yuan. Expenditures in the central budget totaled 3.631992
trillion yuan, an increase of 673.997 billion yuan or 22.8%, equivalent to
102.5% of the target. This figure consists of 1.337431 trillion yuan used by the
central government and 2.294561trillion yuan in tax rebates and transfer
payments to local governments. A total of 19.2 billion yuan was set aside for
the central budget stabilization fund. Total expenditures thus added up to
3.651192 trillion yuan. Expenditures exceeded revenue, leaving a deficit of 180
billion yuan, which was within the target approved at the First Session of the
Eleventh NPC. The outstanding balance of government bonds in the central budget
at the end of 2008 totaled 5.327076 trillion yuan, which was under the set limit
of 5.518585 trillion yuan.
The central government's tax rebates and transfer payments to local
governments. The central government turned over 2.294561 trillion yuan in tax
rebates and transfer payments to local governments in 2008, an increase of
480.772 billion yuan or 26.5%, representing 106.1% of the target. This total
consists of 428.219 billion yuan in tax rebates, up 3.9%, 869.649 billion yuan
in fiscal transfer payments including general transfer payments, a 22% increase,
and 996.693 billion yuan in special transfer payments, a 44.6% increase. The
large increase in this last item was mainly due to the huge increase in
expenditures required to subsidize key local programs such as education and
medical and health care. Tax rebates and transfer payments turned over to local
governments became part of the revenue of local governments, which made
arrangements for their utilization. Transfer payments from the central
government accounted for an average of 38% of local government spending
nationwide and 54.4% in the central and western regions.
Revenue of local governments totaled 5.159052 trillion yuan, an increase of
988.001 billion yuan or 23.7%, equivalent to 106.4% of the target. This consists
of 2.864491 trillion yuan collected by local governments and 2.294561 trillion
yuan in tax rebates and transfer payments from the central government. Local
government expenditures totaled 4.999265 trillion yuan, an increase of 1.079057
trillion yuan or 27.5%, equivalent to 103.1% of the target. This total consists
of 4.905272 trillion yuan spent by local governments and 93.993 billion yuan
turned over to the central government. Revenue exceeded expenditures, leaving a
surplus of 159.787 billion yuan, which mainly came from the surplus revenue in
the central and local budgets that was not spent and will be rolled over into
local budgets this year.
In addition, revenue from government-controlled funds nationwide totaled
1.563635 trillion yuan, an increase of 446.72 billion yuan or 40%. Expenditures
from these funds came to 1.49847trillion yuan, representing an increase of
530.026 billion yuan or 54.7%.
Revenue from the funds controlled by the central government reached 252.566
billion yuan, an increase of 78%. This large increase was mainly attributable to
profits from the sale of lottery tickets coming under budgetary control and
strong growth in revenue from the foreign exchange funds controlled by the
central government. Total revenue includes 20.259 billion yuan from the fund for
developing the Three Gorges Project, 55.504 billion yuan from the fund for
developing railways, 9.621 billion yuan from civilian airport administration and
development fees, 9.148 billion yuan from port development fees, 14.87 billion
yuan from the fund for providing continuing aid to residents relocated to make
way for the construction of large and medium-sized reservoirs, 34.814 billion
yuan in profits from the sale of lottery tickets, and 68.491 billion yuan from
operations of the foreign exchange funds controlled by the central government.
Added to the 55.987 billion yuan from 2007, total revenue came to 308.553
billion yuan. Expenditures by the central government from funds under its
control totaled 205.672 billion yuan, an increase of 94.5%. This includes 20.456
billion yuan from the fund for developing the Three Gorges Project, 62.1 billion
yuan from the fund for developing railways, 5.313 billion yuan from civilian
airport administration and development fees, 10.185 billion yuan from port
development fees, 20.547 billion yuan taken from profits from the sale of
lottery tickets to support social welfare programs, sports, education and other
public service programs, and 68.287 billion yuan from operations of the central
government foreign exchange fund. Added to the 46.489 billion yuan in subsidies
for local governments from the fund for providing continuing aid to residents
relocated to make way for the construction of large and medium-sized reservoirs
and the 56.392 billion yuan rolled over into this year, total expenditures
amounted to 308.553 billion yuan.
Revenue from funds controlled by local governments reached 1.311069
trillion yuan, up 34.5%. This huge increase was mainly the result of the
incorporation of all the income from the transfer of land-use rights into local
budgets. Total revenue includes 1.037528 trillion yuan from the transfer of
land-use rights and compensation for the use of new land for construction and
118.488 billion yuan from road maintenance fees. Total expenditures by local
governments taken from the funds they control increased by 49.9% to reach
1.292798 trillion yuan. This figure includes 1.01725 trillion yuan in
land-related expenditures which consists of 377.815 billion yuan as compensation
for land requisition, housing demolition and resident relocation and subsidy
grants to farmers for land expropriations, a large increase of 113% primarily
attributable to the widespread increase in the level of compensation paid to
farmers dispossessed of their land; and 128.622 billion yuan for developing and
protecting farmland; 14.165 billion yuan for building low-rent housing; 36.988
billion yuan for developing rural infrastructure and developing and protecting
primary farmland; 303.532 billion yuan for promoting urban development; and
156.128 billion yuan generated from the transfer of the land-use rights of
bankrupt state-owned enterprises and those converted into joint stock companies
and used to provide for their laid-off employees. A total of 117.344 billion
yuan was spent in financing road maintenance.
Revenue from government-controlled funds was used exclusively for its intended purposes. The discrepancy between revenue and expenditures from these funds in 2008 arose primarily as a consequence of the requirement to roll over a portion of this revenue into this year in accordance with the measures for managing these funds.
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