Recently, the Ministry of Finance announced the revenue and expenditure of the budget for general public finance of 2017. Fiscal revenue and expenditure are closely related to economic development. The budget for general public finance is the first big account of the national budget system. It can not only observe the trend of China's economic development, but also summarize some characteristics of the operation of fiscal policy.The growth rate of fiscal revenue reversed the trend of slowing down, and the quality of revenue improved significantly.Firstly, the outcome of reversing the slowdown trend of the fiscal revenue growth rate was achieved under the background of continuously cutting taxes and fees. Secondly, from the perspective of income structure, the quality of fiscal revenue has been significantly improved. Thirdly, changes in tax growth rate at the industry level and profession level reflect that the economic structure is more reasonable and the new momentum of economic growth is abundant.Fiscal expenditure structure continues to be optimized to support high-quality development.Firstly, in order to promote innovation development, we have increased spending in education, science and technology and other fields. Secondly, we should promote supply side structural reform to support high-quality development. Thirdly, we should improve the level of financial support in the field of people's livelihood, and make the growth rate of various expenditures exceed that of the overall expenditure. Fourthly, in terms of the central transfer payment fund arrangement, efforts should be made to promote regional balanced and coordinated development.
