It was learned recently from the Department of Finance of Guangxi Zhuang Autonomous Region that since 2019, the financial departments at all levels throughout the region have made every effort to implement the fiscal policy of strengthening efforts to improve fiscal efficiency, made coordinated efforts to advance steady growth, promote reform, adjust the structure, benefit the people, prevent risks and ensure stability, and gave full play to the role of financial functions, thus completing the tasks of fiscal revenue and expenditure for the whole year set by the Party committee and people’s government of Guangxi Zhuang Autonomous Region. According to preliminary statistics, the fiscal revenue of Guangxi Zhuang Autonomous Region reached 296.922 billion yuan in 2019, up by 6.4% year on year, among which the revenue from the general public budget was 181.189 billion yuan, up by 7.8% year on year; expenditures from the general public budget across the region reached 584.902 billion yuan, up by 10.1% year on year.
Specifically, the total amount of Guangxi’s fiscal revenue and expenditure in 2019 reached to a new level, with a better-than-expected growth rate, accelerated budget implementation, remarkable achievements in tax cut and fee reduction, and powerful guarantee for investing in people’s livelihood. Especially in terms of the total amount, the fiscal revenue and expenditure of the region has reached a record high. In 2019, the fiscal revenue of the region approached 300 billion yuan, among which the total fiscal revenue of Nanning City has exceeded 80 billion yuan. Expenditure from the general public budget exceeded 580 billion yuan, an increase of more than 50 billion yuan over the incremental cost of the previous year, of which Nanning’s total expenditure exceeded 70 billion yuan.