From the vanguard at the beginning of reform and opening up to the forerunner of high-quality development today, Guangdong has been providing solid support and demonstration for the national economic development. In this process, finance, as the economic foundation of national governance, plays an irreplaceable role. As a major financial province in China, Guangdong's strength should not be underestimated.
In 20221-1month, Guangdong's general budget revenue reached1184 billion yuan, ranking first in the country for 3 consecutive years. Not only that, Guangdong is also the largest source of central fiscal revenue, and it is also the province with the largest amount of money paid by the whole country. This fully demonstrates Guangdong's important position and strong economic strength in the national economy.
Guangdong's financial structure is also healthy. The province's tax revenue accounts for about 80%, which is much higher than the national average. This means that Guangdong's fiscal revenue mainly depends on taxes, rather than other non-tax revenues, which further proves the health and vitality of Guangdong's economy.
Guangdong's debt risk is also kept at the safest level, which provides a stable financial foundation for Guangdong's sustainable development. Guangdong's high-quality development is not only a slogan, but also the actual achievement of financial quality. Financial quality is an important indicator of the "gold content" of economic development, and Guangdong is undoubtedly in the forefront in this respect.
Guangdong financial structure
Guangdong's fiscal structure is dominated by tax revenue, and the proportion of tax revenue remains at a high level, far higher than the national local average. This financial structure shows that the main source of Guangdong's fiscal revenue is stable tax revenue, not non-tax revenue, which reflects the stability and sustainability of Guangdong's economy.
In addition, Guangdong's fiscal expenditure also pays more attention to public services and people's livelihood security, such as education, medical care, social security and other fields. This expenditure structure is helpful to improve the living standard and happiness of Guangdong residents and further promote Guangdong's economic and social development.