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15 July 2015

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Hunan Sees Fast Growth of Fiscal Revenue, Spending in H1

2017-07-28 T | T Download Print

On July 26, the 31st Session of the Standing Committee of the 12th Hunan Provincial People’s Congress deliberated the 2016 Hunan draft final accounts, and budget performances of the first half of 2017.

 

In the first half of this year, Hunan fiscal revenue and expenditure recorded stable growth, with main indicators meeting the expected goals. The provincial general public budget revenue reached 244.87 billion yuan, an increase of 6.2%. Of the total, 152.46 billion yuan was generated by local governments, up by 6.5% and accounting for 53.2% of the provincial budget target; 92.41 billion yuan was contributed to the central government.

In term of industry contributions, automobile; real estate; coal mining; non-ferrous metals; and, iron and steel industries generated tax revenue of 6.23, 31.11, 0.52, 1.1, and 1.31 billion yuan, up by 68.1%, 36.5%, 54.3%, 50.8%, and 40.1% respectively.

 

Between January and June, the provincial general public budget expenditure was 370.7 billion yuan, an increase of 22.5% and 3.4 percentage points higher than the national average. Expenditures in education; social security and employment; health care and family planning; and, poverty alleviation increased to 65.43, 66.76, 37.24, and 4.22 billion yuan, up by 29.3%, 28.9%, 22.1%, and 60.7% respectively.

Please refer to www.enghunan.gov.cn when using the article.

Translator: Xiao Juan

Chinese source: hn.people.com.cn