According to the statistic from Nanning Finance Bureau, the fiscal revenue of Nanning in 2019 was 80.069 billion yuan, up by 6.3 percent on a year-on-year basis. Specifically, the general public budget revenue was 37.093 billion, with a growth rate of 3.3 percent year on year; the general public budget expenditure was 78.771 billion yuan, with a year-on-year increase of 12.9 percent. The expenditure growth for facilitating economic and social development, transformation and upgrading speeded up. In particular, the expenditure for energy saving rose by 37.8 percent, the expenditure for scientific technology was up by 32.7 percent, the expenditure for developing urban and rural communities grew by 29.6 percent, and the expenditure for social security and employment increased by 24.6 percent.
In addition, according to the statistic from Nanning Central Sub-branch of the People’s Bank of China, the deposit balance of all financing agencies in Nanning was 1.071832 trillion yuan at the end of December 2019, up by 6.2 percent year on year. Particularly, the balance of residential deposit was 396.031 billion yuan, with an increase of 11.8 percent year on year. The loan balance of financial agencies in Nanning was 1.396435 trillion yuan, up by 15.9 percent year on year.