Home News Beijing increases its school education service expenditures to reach 64.78 billion yuan from January to August this year-Chinanews.com

Beijing increases its school education service expenditures to reach 64.78 billion yuan from January to August this year-Chinanews.com

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September 14, 2021 03:43 Source: Beijing Youth DailyParticipate in the interaction



Education spending from January to August this year reached 64.78 billion yuan

Beijing increases spending on education services in schools

News from our newspaper (Reporter Lin Yan) Yesterday, a reporter from Beijing Youth Daily was informed by the Beijing Municipal Finance Bureau that from January to August, the city’s general public budget revenue reached 421.06 billion yuan, an increase of 15.8%. It has maintained a double-digit growth for six consecutive months. ; Completion of 74.5% of the annual budget, 7.8 percentage points over time.

According to data from the Municipal Finance Bureau, the city’s tax revenue from January to August was 366.99 billion yuan, an increase of 18.4%. The three main tax categories of value-added tax, corporate income tax and personal income tax totaled 281.34 billion yuan, an increase of 19.3%. Among them, corporate income tax was 109.73 billion yuan, an increase of 23.7%, mainly due to the general improvement of biomedical and other enterprises, and taxable profits increased over the same period of the previous year; value-added tax completed 122.60 billion yuan, an increase of 15.3%, mainly due to the city’s second and third Industry added value maintained rapid growth; personal income tax was 49.01 billion yuan, an increase of 20.0%, mainly driven by the increase in residents’ income and the increase in personal taxes related to equity gains. From January to August, the city’s non-tax revenue reached 54.07 billion yuan, an increase of 0.3%.

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In terms of expenditure, the city’s general public budget expenditure was 452 billion yuan from January to August, down 0.1%. “Mainly because the city received the state-approved local government bond quota this year later than last year, so the use of bond funding arrangements was delayed.” The relevant person in charge of the Municipal Finance Bureau said that in the case of a slight decline in overall expenditures , The city’s financial departments at all levels actively do a good job of fund coordination to ensure that financial funds focus on key areas such as safeguarding people’s livelihood.

According to reports, among the expenditures from January to August, education expenditures reached 64.78 billion yuan, an increase of 8.8%, mainly due to increased financial support for school education services, continued support for college students’ entrepreneurship and employment, and promotion of vocational education development; health expenditures were 414.1 RMB 25.31 billion, an increase of 3.5%, mainly used to promote the city’s residents to speed up the vaccination schedule, and ensure funds for epidemic prevention and control. The expenditure on transportation was RMB 25.31 billion, an increase of 7.8%, mainly for road construction and upgrading of the city’s public Supporting transportation facilities, etc.; expenditures on culture, tourism, sports and media reached 11.6 billion yuan, an increase of 6.2%, mainly due to the acceleration of the central axis application for heritage, the protection of key cultural relics in the “one city and three belts”, and preparations for the Winter Olympics; housing guarantees, etc. The expenditure was 8.91 billion yuan, an increase of 3.5%, mainly to accelerate the comprehensive renovation of old communities, the construction of shanty towns and affordable housing, and to promote the development of the rental housing market.

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A reporter from the Beijing Youth Daily learned that in increasing support for education, this year’s municipal finance has also comprehensively improved the student funding system. Due to the outbreak of the epidemic, the difficulty of student financial assistance has been further increased, with more funding tasks and higher requirements. In order to minimize the impact of the epidemic on funding work, the city has implemented a student loan policy, extended the repayment period and the grace period for principal repayment of the national student loan, extended the grace period for principal repayment from 3 years to 5 years, and increased the period from the academic system. 13 years and no more than 20 years will be adjusted to the school system plus 15 years and no more than 22 years. The interest rate will be implemented from January 1, 2020 at the same level of loan market quoted interest rate minus 30 basis points. At the same time, documents such as the “Notice on Effectively Guaranteeing Funds for Epidemic Prevention and Control in the Education System and Student Subsidy Work” were issued, emphasizing suspension of school and non-stop assistance. In addition, in addition to the current financial subsidy policy, schools are guided to establish an on-campus subsidy policy based on a 5% ratio of tuition fees to expand on-campus online work-study positions.









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