Yesterday, the five meeting of the twelve session of the 3 National
People's Congress held a press conference, the first focusing on
financial work and tax reform ", the news center ushered in a new
face, new finance minister Xiao Jie at the age of 59.
The day is just Xiao Jie took over the full 4 months, although the
present and Assistant Minister Dai Bai China, but the 85 minute
press conference, 11 questions are answered he, "first show"
reveals the professional. FRP sculpture. Tax cuts, "fish on the
Open the front door, blocking the back door simultaneously
This year, the national fiscal deficit rate to be arranged by 3%,
how to see? This deficit rate is positive, although essentially
flat with last year, but with the corresponding increase in the
size of the deficit GDP growth, more than 200 billion yuan." Xiao
Jie pointed out that last year and this year's increase in the
deficit, mainly for tax cuts and spending to protect key areas.
Whether to continue to expand the deficit in the future? Xiao Jie
said, first of all, according to the needs to be determined,
followed by the deficit to see if the debt is able to repay the
debt. Government debt is not used to raise funds for the civil
service wages, welfare, but the formation of an effective
investment, these investments and the corresponding formation of
high-quality assets, debt is a corresponding asset". China's
economy will be bigger cake, the cake will increase revenue, which
is the fundamental support for debt repayment.
Local debt risk is controllable? China's current government debt
risk overall control, the government debt ratio is not high." Xiao
Jie introduction, at the end of last year, the central and local
government debt balance of about 27 trillion and 330 billion yuan,
according to the National Bureau of Statistics announced the
initial GDP count, the debt ratio of about 36.7%. It is expected
that by the end of this year, the debt ratio will not change much,
compared with the international level, the Chinese government still
has some room for debt.
But in some places there are different degrees of illegal debt
guarantees, debt reduction and other issues. The financial sector
will adhere to 'open the front door' and 'blocking the back door'
simultaneously, effectively put the debt into the cage." Xiao Jie
said that the former is a reasonable arrangement of the size of the
new local debt, which is strictly implement the local government
debt limit management and budget management system, increase the
illegal financing guarantee behavior investigation and
In the context of financial expenditure in the face of greater
conflict, how to protect the livelihood of the people is a problem.
To achieve budget balance, it is not easy, in the budget
arrangements can only do everything possible to do a good job of
'addition and subtraction'." Xiao Jie frankly, do addition, the
livelihood of the people is not only increased, poverty
alleviation, agriculture, education and other areas to increase the
intensity of support to improve the agricultural insurance premium
subsidy system. "Subtraction" and "three" not only reduced by
firmly establishing the idea of an austere life.
Again this year to alleviate the burden on enterprises 350 billion
Talking about tax cuts down costs, Xiao Jie attitude clear:
"continue to strengthen the 'fangshuiyangyu' consciousness, not
limited to only immediate accounts, but also to calculate the
economic accounts, by continuing to alleviate the burden on
enterprises to market gas".
This year to continue to improve the camp changed to increase
pilot, VAT rate reduced from 4 files and to file 3, the purpose is
to expand the tax cut effect. This year also specifically for small
and micro enterprises custom tax cuts, corporate income tax
threshold of 300 thousand yuan from the taxable income of less than
$500 thousand to less than the following, to expand the benefit
Although the "fiscal reduction, but helps to improve the innovation
ability of small and medium sized enterprises, this account is
worth it." Xiao Jie said that at the end of last year, 6 have
expired preferential policies continue to implement this year, the
tax cuts put in place this year to reduce the corporate tax burden
of about 350 billion yuan.
Clean up and standardize the government funds, cancel the city's
public utilities, such as additional funds, local governments
authorized local relief fund. After the reform measures in place,
there are 21 national government funds. Cancel or stop sign 35
Sheqi administrative fees, reduce the central enterprise charges
more than half of the remaining 33 items. The fee reduction
measures put in place this year to reduce Sheqi fee of about 200
billion yuan. The tax cuts down and together, there are about 550
"The tax reform program is to study the design and demonstratio