The reporter of Langya news.com learned from the press conference on the economic and social development of Linyi City in the first three quarters held on October 27 that in the first three quarters of this year, the general public budget revenue of the city increased by 25.1%, ranking first in the province, and the tax revenue accounted for 81.2%, ranking second in the province. The balance of RMB deposits and loans increased by 74.92 billion yuan and 105.38 billion yuan respectively over the beginning of the year, ranking fifth and fourth in the province.
The city's general public budget revenue reached 34.92 billion yuan, an increase of 25.1%, and the local tax revenue reached 28.37 billion yuan, an increase of 23.3%, accounting for 81.2% of the general public budget revenue; Value added tax, enterprise income tax and individual income tax increased by 15.7%, 22.3% and 13.9% respectively. The revenue of the tax department totaled 70.93 billion yuan, an increase of 43.6%. The city's general public budget expenditure was 65.17 billion yuan, an increase of 9.5%, and the people's livelihood expenditure was 53.35 billion yuan, an increase of 12.4%, accounting for 81.9% of the city's financial expenditure.
The balance of RMB deposits in financial institutions in the city was 889.35 billion yuan, an increase of 74.92 billion yuan over the beginning of the year; Among them, the deposit balance of non-financial enterprises was 19.62 billion yuan, an increase of 14.7 billion yuan over the beginning of the year. The balance of RMB loans of financial institutions was 805.02 billion yuan, an increase of 105.38 billion yuan over the beginning of the year; Among them, the loan balance of non-financial enterprises and institutional groups was 348.83 billion yuan, an increase of 50.32 billion yuan over the beginning of the year.
The city's insurance institutions realized a premium income of 22.72 billion yuan, an increase of 2.8%. Among them, the premium income of property insurance was 7.44 billion yuan, an increase of 5.1%, and the premium income of life insurance was 15.27 billion yuan, an increase of 1.8%. The compensation expenditure was 7.3 billion yuan, an increase of 15.1%. Among them, the compensation for property insurance business was 4.72 billion yuan, an increase of 16.8%, and the compensation for life insurance business was 2.59 billion yuan, an increase of 12.2%.