Shenzhen Ministry of Finance issued a notice requesting "tight life"
August 29 issued by the "Shenzhen Municipal Finance Bureau on further savings adhere to the tight life of the notice", put forward 13 savings content. This includes the continued strengthening of the management of funds for business trips (overseas), official receptions, the purchase and maintenance of buses, meetings, travel, and the strict implementation of the relevant expenditure standards. Further reduction of general expenditures, the abolition of ineffective expenditures, from the strict review of the office green planting funds, mobile terminal project funds, strictly prohibit over-standard, over-scope arrangement of the budget, and prohibit wastefulness and so on. In addition to tightening the official financial expenditure, but also strict approval of government procurement of imported medical, scientific research, testing, teaching equipment, to take "strict audit management". Last year, Shenzhen became the first city in Guangdong with a GDP of more than 3 trillion, making it the tenth largest city in the world. At present, in addition to Shanghai, Beijing, Shenzhen is China's third GDP exceeded 3 trillion yuan city.Finances are in a tight spot, and it's hard for state-owned enterprises to pay salaries
Fiscal revenues are now in the negative across China. Nationwide, statistics for the first half of the year for 31 provinces, cities and autonomous regions show that fiscal revenue minus fiscal expenditure is all negative. Expenditures are too large and revenues are lower. Fiscal over the tight life, and now from top to bottom are required to reduce the 'three public' consumption, such as public cars, public travel and other such consumption, is indeed alarming. In addition, some time ago, Shenzhen has appeared public **** transportation industry workers pay wages appear difficult. What is even more ridiculous is that the Lanzhou City Bus Group requires the bus drivers themselves to go to the bank to take out a loan to pay themselves. As a guarantor, the government is responsible for repaying the loan and paying the interest, and the workers are required to take out their own loans to pay themselves wages. Why? Just no money. On September 8, a letter to the "Lanzhou Bus Group Co., Ltd. employees" to inform the public attention. The letter said, used to solve the June to September this year, the wages of employees Lanzhou Agricultural and Commercial Bank "Jincheng E loan" salary easy loan (exclusive) customized loan, by the group company to provide joint and several liability guarantee, and bear the monthly interest, due to repayment of the principal responsibility.Lanzhou Public Transportation Group is a state-controlled large-scale public transportation enterprise, mainly engaged in urban passenger transportation.
Analysis: no money, the national financial tension
Shenzhen government issued a letter asking for a tight life, the main reason is that there is no money, this year's local revenues across the country are almost all negative. Like Shenzhen, Shanghai, traditionally positive income, are now negative income, the country's overall fiscal deficit, that is, the overall financial tension. In the past, the poor provinces are tense, the rich provinces are generous, and now is the rich provinces, the financial decline, but also live a very tight life. China's fiscal problem is actually not a problem now, from the beginning of the epidemic, 2020 is very tight. 2021 fiscal revenue growth is very fast, this situation has eased. But this year, the storm clouds, the economic downturn, everywhere in the fiscal revenue and land sales revenue seriously decline, the degree of tension soared again. Many places around the world began civil service pay cuts, institutional type of pay downward adjustment.