Xie Xuren: Next Year'S Fiscal Revenue Will Increase By 8%&Nbsp; Synchronization With GDP.

December 27th, Minister of Finance

According to the above arrangements, the national deficit rate in 2011 was about 2%, which was 0.5 percentage points lower than the 2010 fiscal deficit rate of 2.5%.

Xie Xuren pointed out at the above meeting that the central budget deficit should be appropriately cut according to the basic trend of economic recovery and the increasingly obvious basic demand of inflation.

"Monetary policy and fiscal policy must echo each other. After raising interest rates and raising the reserve ratio, the macro fiscal policy has also been adjusted."

Yang Zhiyong, a researcher with the financial room of the Institute of Finance and trade of the Academy of Social Sciences, told this reporter that "the deficit reduction reflects the corresponding contraction of expansionary fiscal policy."

Ceng Kanghua, director of the Department of Finance and director of the Financial Research Institute of Central University of Finance and Economics, also believes that the deficit reduction means that the future fiscal policy will show more robust colors in the positive tone. "In 2011, to control the inflation level on the basis of ensuring stable economic growth will be an important task of the macro fiscal policy."

According to the national financial work conference report, in 2011, the national fiscal revenue is estimated to be 88910 billion yuan, and the annual fiscal revenue growth rate is expected to be 8%.

In this regard, Xie Xuren pointed out that the fiscal revenue base in 2010 was relatively high. In 2011, with the growth of foreign trade import and export slowed down and the car market down, it is expected that next year, the growth of several taxes that will contribute significantly to fiscal revenue will obviously slow down, and the growth of fiscal revenue will slow down.

The target of fiscal revenue growth of 8% is equivalent to the 8% growth of the gross domestic product (GDP) next year set by the central economic work conference.

"This is the first time that fiscal revenue growth targets have been set at the same level as GDP growth targets in recent years."

Ceng Kanghua said, "fiscal revenue growth has been much higher than GDP growth for many years, and the high growth trend of future fiscal revenue is bound to be unsustainable. The convergence of the two growth targets reflects the signs of the expansion fiscal policy's callback."

There are also financial experts told this reporter that 8% may be a relatively conservative level of expectations, "according to this level budgeting, next year there may be a larger scale of financial overdue.

How to use this part of income is worth discussing. It can be used to regulate income distribution, expand consumption or subsidize social security ".

Xie Xuren pointed out that the pressure of financial expenditure in 2011 is still large. We must strengthen the construction of agricultural water conservancy infrastructure and increase financial input to agriculture, rural areas, education, medical and health, affordable housing, social security and employment promotion, and further optimize the structure of fiscal expenditure.

"In fact, fiscal expenditure has already begun to focus on people's livelihood, but due to the impact of the world financial crisis in 2008, it has to rely on increasing public investment to ensure economic growth."

Yang Zhiyong said that with the steady growth of the economic growth situation, the structure of future fiscal expenditure is bound to shift from supporting investment to supporting consumption, especially increasing investment in people's livelihood.

Real estate tax pilot work "continue to advance"

On the reform of Finance and taxation, Xie Xuren pointed out at the above meeting that next year we should further implement income tax preferences for small profit enterprises, promote structural tax reduction, and continue to promote the pilot project of real estate tax, promote the reform of resource tax, do the legislative work of value-added tax law, budgetary law and vehicle tax law, and gradually promote the reform of personal income tax and improve the personal income tax system.

The above financial experts told our reporter that the personal income tax reform plan may not involve the increase of the exemption amount, but may be adjusted at the tax rate and marginal tax rate.

"The current nine level tax rate for personal income tax is too many, and it may be reduced to 4-5 in the future."

Yang Zhiyong told our reporter.