The net financial income directly reflects the level of tax revenue and government expenditure of a country. High-income countries can better invest in public services, follow business plans and implement policies conducive to economic growth and social welfare. On the contrary, low-income countries are more vulnerable to financial crisis and economic contraction.
In order to continuously increase the net fiscal revenue, the government needs to comprehensively strengthen financial management to prevent corruption and waste. More importantly, the government needs to pay more attention to the balance between tax policy and social welfare, improve the fairness and transparency of the tax system, solve the unfairness in resource allocation, and promote stable economic growth and social progress.