The 13th Five-Year Plan is a period of great significance. In the past five years, under the continuous influence of the global economic downturn, the reform of revenue distribution to replace business tax with value-added tax, large-scale tax and fee reduction, and the proactive implementation of the development of reduction, coupled with the impact of an outbreak in 2020, Beijing's fiscal revenue growth has slowed down year by year, and the pressure on fiscal balance is unprecedented. Under this situation, the Beijing municipal financial departments at all levels adhere to xi jinping, new era of socialism with Chinese characteristics as guidance, give full play to the functions of finance, "to reform the power, to the management to benefit", the fiscal and taxation system reform continued to deepen, the active fiscal policy continues, for the capital for the sustainable and healthy development of economic society of strong policy and funding.

The past five years, Beijing finance with good "reduced", "prize", "control", "harmony", "a", "protect" six tips, in government revenue "division", "subtraction" and management for the enterprise benefits "additive" and market dynamics "multiplication", being a "YaCangShi," economic "booster" of the people's livelihood, in the case of fiscal balance pressure, made for the steady development of the capital's economic and social "multiplier effect". Government revenue and expenditure remained stable, growing at an average annual rate of 3%. The quality and efficiency of revenue continued to improve. Tax revenue accounted for over 80% of government revenue. We raised financial resources through the pooling of bond funds and the use of budget stabilization funds, and kept the necessary intensity of government expenditures. Expenditures grew at an average annual rate of 5.5%, 2.5 percentage points higher than the annual growth rate of government revenue in the same period. Spending directly related to people's livelihood, such as education and medical care, accounted for more than 80% of the total, and increased year by year. People's sense of well-being, the quality of economic development and the driving force for sustainable development continued to improve.

We will comprehensively implement policies to reduce taxes and fees on a large scale, and transfer "real money" to businesses and individuals. We abolished or suspended 57 items of administrative fees, reduced or reduced 35 items of administrative fees, abolished or suspended four government-managed funds, and adjusted policies on collection of six government-managed funds. Over the past five years, we have reduced the tax burden on enterprises and individuals by a total of over 470 billion yuan.

We strengthened the coordination of fiscal and financial policies and levered social capital to participate in the construction of the capital. We will use a combination of fiscal policy tools, such as government awards and subsidies, equity investment, financing guarantees, loan interest discounts, and government procurement, give full play to the role of government funds, attract nongovernmental capital to participate in the construction of the capital, and inject "fresh water" into enterprises. By June 2020, the government investment guidance fund had invested in 4,672 projects, with a 3.7-fold expansion rate guided by government funds. Private enterprises accounted for more than 90 percent of the invested enterprises, showing a prominent "multiplier effect". The PPP model has been standardized and popularized. The total investment in PPP projects in the city is 224.5 billion yuan (data as of October 2020), which is expected to attract 155 billion yuan of private capital, accounting for 69% of the total investment. We gave full play to the guiding role of government procurement policies, and micro, small and medium-sized enterprises accounted for more than 80 percent of procurement.

Control, strictly control the policy of increasing expenditure and government operating costs according to the government's tightening of life requirements. Over the years, we have made great efforts to reduce regular expenditures, put available funds to good use, and improved the structure of expenditures. As a result, spending on official overseas visits, official vehicles, and official hospitality has been reduced, not increased, and government funds have been used more efficiently. We strengthened cost control, launched the first nationwide trial reform of performancement-based budgeting for full-cost government expenditures, set 86 standards for government expenditures, and saved about 15 billion yuan. All the funds saved by the strict control measures have been invested in key areas of the capital's development, such as improving people's livelihood, optimizing the supply of public services and supporting innovative development.

We will give full play to the role of government bonds in "stabilizing investment, expanding domestic demand and strengthening weak links". On the basis of strengthening management and effectively preventing debt risks, a total of 406.05 billion yuan of new government bonds were issued, with the focus on major projects such as the relocation of non-capital functions, the development of the city's sub-center, the renovation of rundown urban areas, the new airport, environmental improvement, and transportation infrastructure, as well as other key municipal projects.

Innovation, with scientific and technological innovation as the development engine, supports the high-quality development of the capital's economy. Over the past five years, the total government investment in science and technology reached 194.84 billion yuan, an increase of 64.0% over that in the 12th Five-Year Plan period. We have put in place a "1+N" industrial policy system to support advanced, sophisticated and sophisticated industries, and introduced 27 measures to promote private investment, 28 measures to reform scientific research projects and fund management, and 14 measures to promote medical and health care. We will formulate a plan to ensure funding for the "Five Initiations" policy, and accelerate the development of new forms and models of business. As a whole the policy financial support "tri-cities area" positive progress was made in the main platform and the construction of the zhongguancun science park, promote the financial, science and technology, Internet information, professional services, and other areas of the eight open reform action plan for three years, helped win the overall acceleration center construction, in 2020 Beijing global unicorns of 93 enterprises, the top of the world, three consecutive years ranked the world's first scientific city.

We will highlight the public nature of government funds and improve people's living standards by focusing on the "seven principles and five characteristics". Over the past five years, government funds have become more public, with precise input and effective support, and we have improved people's living standards by focusing on the "seven principles and five characteristics". Government spending on education totaled about 513.25 billion yuan, expanding the supply of quality resources for compulsory education, supporting the development of "double first-class" colleges and universities, and promoting a balanced distribution of educational resources. Over the past five years, the total number of preschool education degrees increased by 230,000. The school enrollment rate of school-age children reached 90% and the universal benefit rate reached 87%. Expenditures for social security and employment totaled about 422.57 billion yuan. We improved the development of a multi-tiered social security system and increased our ability to provide basic public services. Over the past five years, 1.781 million new urban jobs have been created, and 1,005 community service stations for the elderly have been built. Health spending amounting to 241.57 billion yuan, to strengthen the construction of the city's public health system and the efficiency of pre-hospital emergency medical treatment significantly promoted, emergency call meet the rate of 95%, 17 city hospital fever clinics promote renovation project completed putting-in-service proactively, public areas and facilities PeiZhiLv exceeds 90%, level 3 first-class hospital room achieve full coverage of police. A total of RMB198.58 billion has been invested in the transport sector to build an efficient and dense transport network, guide green travel, and help 75% of green transport trips in central cities. The traffic congestion index during rush hours has been kept within 6. A total of about 81.55 billion yuan was spent to ensure housing, and we accelerated the construction of government-subsidized housing projects of all types, and established a housing system that encourages both rental and purchase through multiple sources of supply and through multiple channels. 1,327 elevators were added to old buildings, and 149,300 units of rundown housing were rebuilt to accommodate people. A total of 175.21 billion yuan has been invested in pollution prevention and control and environmental control, and the battle to protect blue skies, clear waters and clean land has been fought for a long time. The average annual PM2.5 concentration in Beijing dropped from 80.6 micrograms per cubic meter to 38 micrograms. We improved the order of the urban environment, increased 3,600 hectares of green space, built and upgraded more than 6,000 convenient commercial outlets, and basically completed the task of improving the environment of back streets and alleys in the core areas. In support of the "battle against poverty," a total of 27.05 billion yuan of matching construction funds was allocated to help 90 counties in seven provinces and autonomous regions, including Xinjiang, Tibet, Qinghai, Hebei, Inner Mongolia, Hubei and Henan, win the battle against poverty. We will implement the rural revitalization strategy, raise the level of "three guarantees" for low-income farmers, and ensure that the per capita disposable income of low-income farmers grows faster than the municipal average.

Looking back on the "13th Five Year Plan", Beijing's finance has overcome difficulties, reformed the past and made great achievements. In Beijing for four years at the state department budget management work in the assessment of local government "should" get prizes, budget performance management work in the Ministry of Finance in the assessment of local 9 years in a row was rated as advanced provinces and cities nationwide, five consecutive years by tsinghua university evaluation to the top of the municipal government fiscal transparency, government debt risk rate is far below the national average level, financial comprehensive strength to a new level.

Looking forward to the 14th Five-Year Plan, in the new development stage, Beijing's finance will accurately grasp the new characteristics and requirements of the capital's new development, based on the financial functions, firm confidence, courage to innovate, forge ahead, and strive hard for Beijing to take the lead in realizing socialist modernization.

Source: Ministry of Finance, PRC