Dominate the Country
Chapter 666 Fiscal Deficit
"Blessings to your Majesty, greetings to all ministers:
I am entrusted by my colleagues at the Ministry of Finance to report to Your Majesty and the Cabinet on the implementation of the financial budget for the fifth year of Chengtian and the financial budget for the sixth year of Chengtian. Please review it and invite all cabinet ministers and ministers present to give their opinions. "
The end of the year is always the busiest time for government agencies and units, with work summary for the year, work planning for the coming year, internal work evaluation and inventory, annual meeting preparations, welfare benefits... and other things like waves on the sea, rushing forward one after another.
But for the ministries and commissions of the central government, they still have to keep their minds on the Ministry of Finance report that is released in early and late December every year.
“1. Implementation of Chengtian’s five-year fiscal budget
In the past few years, under the correct leadership of His Majesty and the Cabinet, the relevant work of our Ministry of Finance has closely focused on the overall work ideas and goals and tasks, conscientiously implemented proactive fiscal policies, continuously deepened fiscal reforms, focused on fiscal revenue, adjusted and optimized the expenditure structure , strengthen financial supervision, make every effort to ensure growth, people's livelihood, and stability, and strengthen financial supervision. Government management, fully completed the task of adjusting the fiscal revenue and expenditure budget approved by His Majesty..." By next year, all employees in the army, government officials, police teachers and other units across the country will say goodbye to the policy of replacing wages with farmland. Public officials at all levels The entire system has been established with basic salary, administrative subsidies, welfare benefits, bonuses, etc.
At the same time, in November this year, the Ministry of Finance fully completed last year's scheduled fiscal and tax revenue quota, and made adjustments to next year's fiscal budget based on changes in this year's revenue and expenditure.
"In the past five years, my country's fiscal revenue has continued to maintain a rapid growth trend, the quality of revenue has improved, and available financial resources have increased significantly. The final results are: central agricultural tax and commercial tax revenue are 1.20305 million yuan, a year-on-year increase of 14.41%; local tax revenue It was 421.1 million yuan, a year-on-year increase of 12.52%; property tax, resource tax and behavioral tax..."
Xie Hu, who was responsible for making financial reports for the emperor and the cabinet, had thick eyes on the bridge of his nose. The Ministry of Finance report piled up with a large amount of data cannot arouse people's emotions at all, and the large amount of data is not something that ordinary people can quickly make correct analysis and sorting after going through their brains. This thing has been distributed to everyone before. Before today's Ministry of Finance work report, the details were already known to everyone listening here.
"In the five years of Chengtian, the central general public budget revenue was 1.5449345 million yuan, which was 109.2% of the budget, an increase of 10.3% compared with the four years of Chengtian. In addition to the 100 million yuan transferred from the central bank's budget stabilization adjustment fund at the beginning of the year, the revenue The total amount of revenue used was 1,644.9345 million yuan, and the central general public budget expenditure was 1.8416111 million yuan, a year-on-year decrease of 8.3% in the past four years. Among them, the central level expenditure was 625.7007 million yuan, completing the budget. 100.3% of the budget, a decrease of 10.2%; the central government spent 1,215.9104 million yuan on local tax refunds and transfer payments, completing 99.5% of the budget, a decrease of 7.4% year-on-year, plus supplementary central budget stabilization adjustments. The fund was 8.3234 million yuan, and the total expenditure was 1.8499345 million yuan, with a deficit of 300 million yuan, which was the same as the budget at the end of the year. The central government debt balance was 156.5545 million yuan...
Summarizing the central and local final accounts, the balance of national general public budget revenue and expenditure in the past five years was 475 million yuan, with a deficit rate of 22.1%. The central general public budget revenue accounted for 85.9% of the national general public budget revenue, a decrease of 3.7 percentage points compared with Chengtian Four Years; the central general public budget expenditures at this level accounted for 32.23% of the national general public budget expenditures, a decrease of 3.7 percentage points compared with Chengtian Four Years. An annual decrease of 2.5 percentage points.
…”
Most people can't see the meaning of those huge numbers when they see this kind of financial report, and there are huge tricks hidden in these numbers, such as the acres of land that were consumed one after another during the entire five years of Chengtian - the whole country To stop the land-for-pay policy within a certain scope, the fiscal policy must be gradually changed in a step-by-step and rhythmic manner, and then a large number of acres of land that were consumed in this process were wiped out by the Ministry of Finance.
Otherwise, the deficit rate will not be much less than last year.
But on the whole, it can also be seen that China's finance is turning to the good side little by little. Although this fiscal deficit will immediately cause economic turmoil in the 21st century, in this era, it is not very eye-catching.
If you think it's high and think China will be under huge economic pressure due to its huge fiscal deficit every year in recent years, then look at the British and French.
In a world without little mushrooms, a country with strong military force can usually win everything through war, and when economic pressure is transformed into support for war, as long as it can win, there are endless possibilities. Such as Russia!
The most important thing is that Chen Han has used the huge "fiscal deficit" in recent years to significantly increase the funding for key expenditures such as transportation, schools, hospitals, and urban and rural infrastructure. This will provide great convenience for China's rapid development in the future. In the absence of imminent threats from foreign enemies in the surrounding areas, and with the realistic interests of Southeast Asia, Nanming, and large colonies in North America, these fiscal deficits were not a problem at all.
Many people across the country know that the central bank prints money, and the money it prints is completely decoupled from the precious metals stored in the central bank. In the past two years, after Chen Han's military reorganization, the central government has been spreading money as if it has no shortage of money. This is obviously a sign of following the old path of Ming Dynasty treasure money. However, many Ming Dynasty treasures collapsed within a day. If Hua Yuan really flooded infinitely, it would certainly take time to accumulate before it could become waste paper.
And it’s only been a few years now?
Chiang Kai-shek's legal currency was also disrupted by the war and came to an end. China has been winning.
And the most important thing is that while the central bank was printing money in large quantities, Chen Han also powerfully controlled the prices of many daily necessities such as grain, cloth, salt, and ironware. It does not require them to continue to fall, but it must not rise in a straight line.
Chen Han: What are the real prices that have soared in recent years? It's land and houses. Especially for houses and land in important cities, the prices change every year.
This phenomenon initially occurred in the eastern coastal trading ports, including Nanjing.
But not long after, house prices in Suzhou, Yangzhou, Anqing, Huai'an, Wuhan and other cities also began to soar.
After the transportation construction plan formulated by the central government was fully exposed, land and housing prices began to rise in all areas where national highways and railways passed.
Anyway, the Chen Han government has made a lot of money from this aspect in recent years. Of course, stamp duty is also a major source of revenue.
In terms of financial expenditures this year, the salary of the entire public service system is a burden that cannot be ignored. This huge number has nipped in the bud Chen Ming's original idea of subsidizing teachers and increasing performance pay, as well as the health system The idea of implementing performance pay has also faded. If you don’t have that much money in your hands, don’t be wild. With current income levels, teaching is already a very good profession. As for urban and rural infrastructure construction, the city appearance construction of beautiful key cities and the comprehensive improvement of the environment, that is, the increase of urban parks, all require a large amount of financial investment, and the contradiction between revenue and expenditure is even more prominent.
In addition, during the five years of Chengtian, major state-owned banks were also responsible for the issuance of many local government construction bonds. Of course, this fund must also be included in the supervision of the Ministry of Finance. Otherwise, big trouble can happen. Throughout the year, China Bank, China Construction Bank, Postal Savings Bank, Bank of Communications and the newly established Industrial and Commercial Bank of China successively provided services to many key coastal and inland cities such as Beijing, Tianjin, Shanghai, Xiamen, Guangzhou and Wuhan, Xi'an, Kaifeng, Anqing and other major cities. Revenue from the issuance of local government bonds was 122 million yuan, and a lot of the funds have been included in the local fiscal budget for the coming year.
“In the new year, the state’s financial resources will be mainly used for projects with clearly defined purposes, the second-step subsidy adjustment for civil servants at all levels and the simultaneous increase in performance-based salaries for high school and primary school teachers, remote, poor, backward and border areas. Implement performance-based pay for health (including court) personnel, as well as key expenditures on transportation construction, education, agriculture, water conservancy, and enterprise support.”
Xie Hu stood in front of a group of top people in Chen Han and talked slowly. Chen Ming listened attentively while paying attention to his eldest son Chen Ding standing beside him.
Chen Ding obviously didn't understand these things. Looking at his wrinkled brows, you could feel how difficult it was for him to understand the report. But Chen Ding has been listening attentively, and occasionally mutters silently from his small mouth. Chen Ming was very happy.
Not long after, Chen Ding will go to Sichuan and Tibet. The month-long children's camp training will be at the border of Sichuan and Tibet this year.
This is a very difficult place. The children's camp there is a place where Chen Han's military specializes in training elites in mountain operations. The environment is much more difficult than that of Sakhalin.
Wait until next summer, when Chen Ding is in his first year of high school, Chen Ming will throw him into the desert of Xinjiang.
If you really want to lead a country, you must have this country in your heart. Just like Chen Ming now, he has this 'country' in his heart. Although China is big, there is not an inch of extra land in his heart.
Chen Ming is trying to establish a concept of "country and territory" for his son, and he needs to travel all over the world and experience it.
Chen Ding, who had spent half the afternoon explaining everything to the Qianqing Palace, returned to his residence in a daze, picked up a pen and wrote down a few figures he silently memorized on a white paper: the fiscal deficit was 475 million yuan, the central bank was 10,000 yuan, and the fiscal deficit was 10,000 yuan. The deficit rate is 22.1%…
"These numbers are so big."
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