Fiscal revenue of Guangxi reaches 151.379 billion yuan in first half of 2018


According to preliminary statistics from the Department of Finance of Guangxi Zhuang Autonomous Region, in the first half of the year, the region's fiscal revenue was 151.379 billion yuan, a year-on-year increase of 9%; the fiscal expenditure continued to be tilted towards people's livelihood and grassroots, accounting for more than 80% of the general public budget expenditure.

In the first half of the year, the fiscal revenue and expenditure of the region mainly showed the characteristics of “fast progress, stable growth rate, and high quality”. With the passing of over half of the time, the fiscal revenue and expenditure achieved more than half of the target; the growth rate was 2.7 percentage points higher than the same period of last year. Guangxi adhered to the bottom line of the "Three Guarantees" of financial expenditures and continued to tilt toward the people's livelihood and the grassroots, and fully guaranteed the funds for the private practical projects. For now, the seven major projects of health, education, and water conservancy projects have exceeded the planned financing tasks at the beginning of the year. A total of 63.703 billion yuan of funds for the private sector was issued by the government, and the progress of fund raising was 112.6%.

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