Page 9 - REPORT ON THE EXECUTION OF THE CENTRAL AND LOCAL BUDGETS FOR 2022 AND ON THE DRAFT CENTRAL AND LOCAL BUDGETS FOR 2023

budget to the central general public budget amounted to 90 billion yuan. A sum of
8.892 billion yuan of revenue from these operations has been carried over to 2023.
This was mainly due to certain extra revenue in the execution of budgets that was

carried over to 2023 in accordance with regulations.
Revenue of local government state capital operations reached 334.529 billion

yuan, an increase of 5.5%. Adding in 4.898 billion yuan in transfer payments from
the central government state capital operations budget to local governments and
13.302 billion yuan carried forward from 2021, total revenue was 352.729 billion

yuan. Expenditure of local government state capital operations was 173.43 billion
yuan, an increase of 2.2%. Funds allocated from the local government state capital

operations budget to the local general public budget amounted to 160.65 billion
yuan. An amount of 18.649 billion yuan of revenue from these operations has been

carried over to 2023.
4. Revenue and expenditure of social insurance funds in 2022

Revenue of social insurance funds nationwide was 10.152298 trillion yuan,
representing 101.2% of the budgeted figure and an increase of 4.8%. Revenue
included 7.316974 trillion yuan in insurance premiums, a rise of 5.9%, and 2.368217

trillion yuan in government subsidies, an increase of 4.8%. Expenditure of social
insurance funds nationwide totaled 9.145311 trillion yuan, representing 99% of the

budgeted figure and an increase of 5.5%. The social insurance fund surplus for
2022 was 1.006987 trillion yuan, which was rolled over to make the year-end

balance 11.478946 trillion yuan.
Revenue of the central government social insurance fund was 37.62 billion

yuan, representing 88.2% of the budgeted figure. Expenditure of the central
government social insurance fund was 36.352 billion yuan, representing 73.1% of
the budgeted figure. This was mainly due to the fact that some central government

offices and public institutions had yet to complete the settling of accounts while
preparing to implement the old-age insurance system. Unified national

management of enterprise employees’ basic old-age insurance funds was
implemented, with 243.959 billion yuan turned in by local governments for central

regulation and 244.044 billion yuan reallocated by the central government. The
shortfall of 85 million yuan was mainly covered with surplus funds in the form of

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