Page 45 - REPORT ON THE EXECUTION OF THE CENTRAL AND LOCAL BUDGETS FOR 2022 AND ON THE DRAFT CENTRAL AND LOCAL BUDGETS FOR 2023

5. Budgetary revenue and expenditure of government-managed funds for 2023
Budgetary revenue of central government-managed funds is projected to be
414.89 billion yuan, up 0.6%. Adding in 739.309 billion yuan carried over from last

year, total revenue is calculated at 1.154199 trillion yuan. Budgetary expenditure of
central government-managed funds is expected to total 594.199 billion yuan. This

figure consists of 504.539 billion yuan of central government spending and 89.66
billion yuan in transfer payments to local governments. A projected 500 billion
yuan will be transferred into the central general public budget. A surplus of 60

billion yuan will be carried forward to 2024.
Budgetary revenue of local government-managed funds is projected to be

7.4021 trillion yuan, up 0.4%. Adding in 89.66 billion yuan in transfer payments
from the budget of central government-managed funds and 3.8 trillion yuan of

revenue generated from special local government debt, total revenue is expected to
be 11.29176 trillion yuan. Budgetary expenditure of local government-managed

funds is expected to total 11.29176 trillion yuan, an increase of 7.5%.
Budgetary revenue of government-managed funds nationwide, combining
central and local government-managed funds, is projected at 7.81699 trillion yuan,

up 0.4%. Adding in 739.309 billion yuan carried over from last year and 3.8 trillion
yuan of revenue generated from special local government debt, total revenue is

calculated at 12.356299 trillion yuan. Budgetary expenditure of
government-managed funds nationwide is projected at 11.796299 trillion yuan, an

increase of 6.7%. A projected 500 billion yuan will be transferred into the general
public budget. A surplus of 60 billion yuan will be carried forward to 2024.

6. Budgetary revenue and expenditure of state capital operations for 2023
Budgetary revenue of central government state capital operations is projected
at 241.04 billion yuan, up 2.9%. Adding in 8.892 billion yuan carried over from last

year, total revenue is calculated at 249.932 billion yuan. Budgetary expenditure of
central government state capital operations is expected to total 174.932 billion yuan,

up 2.3%. This figure consists of 170.477 billion yuan of central government
spending and 4.455 billion yuan in transfer payments to local governments. A

projected 75 billion yuan will be transferred into the central general public budget.
Budgetary revenue of local government state capital operations is projected to

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