80% of Shaanxi Financial Expenditure for Improvement of People’s Livelihood in First 7 Months

Shaanxi financial department at all levels comprehensively implemented the financial policy to keep growth by collecting capital, implement structural tax-reduction measures and increase the investment in the people’s livelihood simultaneously.

Statistics showed that from January to July, the financial revenue of Shaanxi totaled 163.245 billion yuan, up by 17.96%, and the financial expenditure reached 174.574 billion yuan, up by 18.88% year on year.

In 2012, according to the requirements of the CPC Shaanxi Provincial Committee and the People’s Government of Shaanxi Province, the finance of Shaanxi collected capital by various ways like adjusting expenditure structure, revitalizing the stock funds and planning the governmental funds overall and provided 1.078 billion yuan for keeping growth and expanding domestic demand. The newly-increased capital of 0.56 billion yuan and integrated special capital of 0.518 billion yuan were mainly used for keeping the industrial growth, key projects for investment and other projects for stimulating domestic demand. Meanwhile, in the first half year, Shaanxi reduced taxes worth of 10.423 billion yuan for enterprises, exempted fees worth of 50 million yuan for small and micro-enterprises, and created great environment for the development of small and medium-sized enterprises.

In 2012, Shaanxi finance arranged 15.41 billion yuan for the improvement of the people’s livelihood, accounting for 80.1% of the total newly-increased capital. At present, financial departments at all level increased the supports for the education, health, social security, employment, low-income housing, immigration and movement. Especially, financial departments at all levels paid attention to implement all policies on the people’s livelihood concerning the increase of the people’s income and strive to strengthen the consumption confidence and ability of residents in rural and urban areas. In the first 7 months of 2012, the financial expenditure in the people’s livelihood reached 139.765 billion yuan, up by 18.38% year on year, accounting for 80% of total financial expenditure.