It was learned from 5th Session of 4th Chenzhou Municipal People’s Congress that Chenzhou Government’s “Report for 2015 Chenzhou City’s Performance on Economic and Social Development & 2016’s Plan (Draft)” was issued to all representatives for checking. As stated on the report, in 2015, the expenditure on well-being covered 76.9% of general public budget, ranking the first place in recent 5 years.

According to the report, Chenzhou Municipal Party Committee and Chenzhou Government adjusted the expected targets actively under the negative situation that the economic downturn was more severe than expected and increase of finance and tax were under great pressure. It helped to ease the burden of enterprises, support the development of market entity, and lay foundation for reaching sound financial development and obtaining transfer payment from upper level authorities in later period. At the meantime, all the departments took active actions to get more investments from upper level government, activate storage fund, and optimize expenditure structure, which guaranteed the expenditures effectively. The expenditure of well-being, operation of administration, and issuance of salary and subsidies were not affected by the shortage of finance.

The performance of budget in 2015 was also released on the report. As for the revenues and expenditures of general public budget, 37.87billion yuan expenditures were finished, accounting for 97.6% of the budget, up 7.7%. 29.13billion yuan of them was expended on well-being with an increase of 11.4%, accounting for 76.9% of the total expenditures, and ranking the first place in recent 5 years.

It was stated on the report that Chenzhou city would follow the spirit of deepening reform of fiscal and taxation systems presented by central and Hunan provincial government, and Chenzhou city’s practical condition to formulate 2016 budget plan. It will follow the concepts of “keeping leading role of industry, improving overall development”, place all best on “improving industry, strengthening entity, upgrading quality, and increasing effects”, try great efforts on cultivating financial resources, promoting the increase and upgrading of finance and tax payments, strengthening the management of financial expenditure, upgrading the effects of utilization of capitals, preventing and solving the financial risks, deepening the reform of fiscal and taxation systems, regulating government’s behaviors of income and expenses, and accelerating the establishment of modern fiscal and taxation systems, all of which are purposely to provide powerful financial support for the construction of “five Chenzhou”. It will devote great efforts to cultivating financial resources to support the development of market entities; increasing quantity and upgrading quality to improve the capacity of management; improving well-being condition to establish public finance; promoting reform of fiscal and taxation systems to upgrade the money management capacity; and obtaining more capitals to increase financial resources.