Page 2 - REPORT ON THE EXECUTION OF THE CENTRAL AND LOCAL BUDGETS FOR 2022 AND ON THE DRAFT CENTRAL AND LOCAL BUDGETS FOR 2023

Esteemed Deputies,

The Ministry of Finance has been entrusted by the State Council to submit this

report on the execution of the central and local budgets for 2022 and on the draft
central and local budgets for 2023 to the present First Session of the 14th National

People’s Congress (NPC) for your deliberation and for comments from members of
the National Committee of the Chinese People’s Political Consultative Conference
(CPPCC).

I. Execution of the 2022 Central and Local Budgets

The year 2022 was of great importance in the history of both the Party and the

country. The 20th CPC National Congress was held successfully. It drew up a
grand blueprint for turning China into a modern socialist country in all respects,

charting the course for the development of the cause of the Party and the country
on the new journey in the new era to achieve the Second Centenary Goal and
establishing a guide to action in this regard. Over the past year, confronted with

high winds and choppy waters in the global environment and faced with the
challenging tasks of promoting reform, development, and stability at home, under

the strong leadership of the Party Central Committee with Comrade Xi Jinping at
its core, all localities and departments followed the guidance of Xi Jinping Thought

on Socialism with Chinese Characteristics for a New Era, fully implemented the
guiding principles from the 19th National Congress and the plenary sessions of the

19th Party Central Committee, and earnestly studied and implemented the guiding
principles from the 20th National Congress.
We fully applied the decisions and plans of the Party Central Committee and

the State Council and remained committed to the general principle of pursuing
progress while ensuring stability. We implemented the requirements of ensuring

effective Covid-19 response, economic stability, and safe development across the
board, and fully and faithfully applied the new development philosophy on all

fronts. We worked to create a new pattern of development, promote high-quality
development, and deepen supply-side structural reform. We gave consideration to

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