Page 6 - REPORT ON THE EXECUTION OF THE CENTRAL AND LOCAL BUDGETS FOR 2022 AND ON THE DRAFT CENTRAL AND LOCAL BUDGETS FOR 2023

National defense spending was 1.449963 trillion yuan, 100% of the budgeted figure.
Public security expenses totaled 196.464 billion yuan, 100.8% of the budgeted
figure. Spending on education came to 152.426 billion yuan, 99.9% of the budgeted

figure. Spending on science and technology amounted to 321.552 billion yuan,
100.9% of the budgeted figure. Spending on stockpiling grain, edible oils, and other

materials was 116.934 billion yuan, 102.9% of the budgeted figure. Interest
payments on debt totaled 652.399 billion yuan, 102.2% of the budgeted figure.
Central government transfer payments made to local governments: General transfer

payments totaled 8.099423 trillion yuan, 98.6% of the budgeted figure. Special
transfer payments reached 761.703 billion yuan, 97.2% of the budgeted figure. In

addition, one-time special transfer payments to support primary-level
governments in implementing tax and fee cuts and ensuring key public wellbeing

projects reached 853.349 billion yuan, 106.7% of the budgeted figure.
In 2022, a total of 498 million yuan of extra revenue and 118.033 billion yuan of

unspent funds in the central general public budget were contributed in full to the
Central Budget Stabilization Fund. Central government reserve funds budgeted for
2022 amounted to 50 billion yuan. Of this, actual spending was 11 billion yuan,

which was mainly used to support localities in carrying out drought relief and
disaster mitigation. The 39 billion yuan surplus (already included in the

aforementioned 118.033 billion yuan of unspent funds) was contributed in full to
the Central Budget Stabilization Fund. Adding in 510 million yuan of carryover

and surplus funds from central government-managed funds, at the end of 2022, the
Central Budget Stabilization Fund had a balance of 235.163 billion yuan.

3) Local general public budget
Revenue in the local general public budget was 20.596325 trillion yuan. This
figure includes 10.88185 trillion yuan in local government revenue, a decrease of

2.1% compared with 2021, and 9.714475 trillion yuan in transfer payments from the
central government. With the addition of 1.1876 trillion yuan transferred from local

budget stabilization funds, the budgets of local government-managed funds, and
the budgets of local state capital operations as well as utilized carryover and

surplus funds, total revenue reached 21.783925 trillion yuan. Expenditures in the
local general public budget totaled 22.503925 trillion yuan, a 6.4% increase. Total

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