The actual budget deficit of this year is over 5 trillion

The first half of the proactive fiscal policy orientation precision force for steady growth and supply-side structural reforms escort, tax incremental unprecedented intensity. Experts point out that this year’s actual deficit of over 5 trillion yuan, far exceeding the 2008 level of stimulation. The industry expects the second half of the incremental tax cuts is expected to further increase the intensity.

However, experts also pointed out, and the last round of the proactive fiscal policy compared to the current proactive fiscal policy to rely more on tax cuts, is focused on revenue, reduce costs tax cuts. Fiscal policy is a structural policy shift from the total of the policy, economic policy shift from purely economic and social policy. Experts suggest that accelerate the process of fiscal reform and other reforms, so that the dividend policy to play the greatest effect.

From the data, the first half of fiscal spending intensified. According to statistics, the first five months, the national general public budget expenditures 6.6528 trillion yuan, an increase of 13.6%. Among them, the central level of the general public budget expenditure 1.022 trillion yuan, an increase of 3.8%; local general public budget expenditures 5.6308 trillion yuan, an increase of 15.6%

Become the focus of people’s livelihood and spending direction. Data show that education spending 86.7 billion yuan, up 12 percent; social security and employment expenditure of 981.2 billion yuan, up 14.8 percent; health care and family planning spending 540.7 billion yuan, up 21.2%; urban and rural communities spend 652 billion yuan, an increase of 26.5% .

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