Chapter 652 Three hundred billion?

During the lunch break.

Leave Liu Tao alone.

This time it was for the Beijing-Shanghai Expressway, Beijing-Kunming Expressway, Wuhan-Guangzhou High-speed Railway, Guangzhou-Kunming High-speed Railway, and Chengdu-Kunming High-speed Railway.

The Beijing-Shanghai Expressway starts in Beijing and ends in Shanghai, passing through Hebei Province, Tianjin, Qilu Province, and Jiangsu Province, connecting Beijing, Hebei, Tangshan, and the Yangtze River Delta. The entire line is 1,262 kilometers long, with a total design budget of 50 billion yuan.

The Beijing-Kunming Expressway starts in Beijing, passes through Baoding, Shijiazhuang, Taiyuan, Linfen, Xi'an, Ankang, Hanzhong, Guangyuan, Mianyang, Deyang, Guanghan, Rongcheng, Ya'an, Xichang, Panzhihua, Yongren, Yuanmou, Wuding, and finally ends in Kunming City. It is 2,865 kilometers long with a total investment of 150 billion yuan.

The Wuhan-Guangzhou High-speed Railway connects Jingchu Province, Hunan Province, and Guangdong Province. It is 1,069 kilometers long with a total investment of 50 billion yuan.

The Guangzhou-Kunming High-speed Railway is 1,330 kilometers long with a total investment of 75 billion yuan; the Chengdu-Kunming High-speed Railway is 1,085 kilometers long with a total investment of 75 billion yuan.

The five projects have a total investment of up to 400 billion yuan.

The launch of these four projects, in addition to facilitating transportation and connecting various places, can also drive economic development and promote employment.

Throughout the 1980s, the army was streamlined four times, and almost two-thirds of the military personnel were streamlined.

That is as many as four million troops.

In addition to being transferred to the armed police and transferred to local areas, most of them were transferred to construction workers.

These transferred people must have a job to support their families.

How many soldiers went to the battlefield and made meritorious deeds, but were streamlined. They used to be in the army, always carrying guns, and learning the skills of fighting. Taking off the military uniform is equivalent to starting all over again.

If there is no money, there is naturally no way.

If there is a way, it is naturally to settle these people who have made contributions to the country.

"Leader, our Panshan Group can only invest 50 billion RMB in transportation." Liu Tao said cautiously.

Investing in railways and highways has a long payback period but a high rate of return.

But the proportion cannot be too large, because Panshan Group's basic plate is still in manufacturing, based on industry!

Infrastructure construction is an extended sector and is secondary to Panshan Group.

He glanced at Liu Tao and raised three fingers: "300 billion RMB, this is a political task, not a bargaining for you."

Liu Tao almost spit out blood.

I think 50 billion RMB is enough.

As a result, the leader suddenly increased it six times and asked for 300 billion RMB.

That's 300 billion RMB!

"Leader, our Panshan Group doesn't have that much money!" Liu Tao showed a bitter look and complained: "The Shenyang-Haikou Expressway is completed, and the Beijing-Kowloon High-speed Railway is also in operation, but you know that it is not profitable at present. We have also started the Shanghai-Shenzhen High-speed Railway, which just started construction not long ago."

"The four major hydropower stations on the Jinsha River will start construction in the middle of the year, and the Three Gorges Dam project will also officially start after the Chinese New Year."

Liu Tao wanted to continue complaining, but was interrupted directly: "You little monkey, don't think I don't know how much money your Panshan Group has made this year. You have already arranged funds for the projects you mentioned. 300 billion yuan, you can take it out."

"Now our country's economy has developed, but the Ministry of Finance doesn't have much money. 300 billion yuan is regarded as the profit you have handed over for so many years. What's more, you are also holding shares and can get dividends in the future."

Liu Tao was speechless.

Liu Tao is not clear about the specific income of the Ministry of Finance, but he knows roughly that although the national economy has made rapid progress in the past ten years, the central government's finances are just so-so, and it is definitely not rich.

The reason for this situation is the complex relationship between the central and local governments.

Since 1978, when China implemented the reform and opening-up policy, in the social and economic fields, China has gradually gotten rid of the planned economic system and experienced a clear process of decentralization of management rights. The central government has delegated many financial management powers to local governments. Compared with the previous unified revenue and expenditure fiscal system, local governments have independent budget formulation rights and enjoy a certain degree of fiscal autonomy. For example, local governments can decide budget expenditures and share budget revenues with the central government without interference.

The country's fiscal system adopts the "contract system", in which government fiscal revenue is divided into three categories: central fixed income, local fixed income, and central and local shared income. Local governments only pay a fixed amount of fiscal and tax revenue to the central government every year. Some places adopt the method of reducing and exempting corporate taxes to intercept the results of economic development and hide wealth in enterprises, forming a "weak central" state that has never appeared since the founding of the Republic.

In 1982, in order to support the construction of large-scale projects in the energy and transportation fields, the State Council decided to collect the National Energy and Transportation Key Construction Fund based on the principle of mandatory and gratuitous taxation.

Last year, in 1989, the central government decided to start collecting the "National Budget Adjustment Fund" to alleviate the difficulties of the central finance.

On the basis of collecting the "two funds", the central finance situation still cannot be fundamentally improved, which can barely cope with the national defense construction and national basic investment under the central power.

This is still in recent years, Panshan Group can pay a large amount of profits and taxes every year.

Otherwise, the central finance would have been in deficit long ago.

Before the Spring Festival every year, the biggest expectation of the Ministry of Finance is that Panshan Group settles profits and taxes to alleviate the difficulties!

It is absolutely incredible to say that the central government's fiscal revenue now accounts for 22% of the total, while local government revenue accounts for 78%.

That’s it for other provinces, it’s mosquito meat, it’s too small, and if you give it more or less, you can’t tell the difference.

But for those developed provinces, the difference is huge. These provinces have abundant finances, live happily, and the local government buildings are good.

After all, the emergence of this situation has shown that the country must carry out tax-sharing reform to adjust the relationship between central finance and local finance.

In China, centralized power is the norm, and a strong central government can play a better role. In the prosperous times of China, there was no one that was not centralized, and local power often meant the beginning of turmoil.

"When you were still Panshan Machinery Factory, I promised to give you greater autonomy when you carried out reforms. Logically speaking, during the reform process, you settled the third-tier factories well and helped digest a large number of veterans. According to the policy, you don't need to pay taxes. Later, you cooperated with the tax reform and paid taxes, and you paid a lot of taxes every year." He slowly said, "But now some comrades have a lot of objections to this, thinking that since you have to do this every year. If you have large revenue and profits, you should also turn over a portion of the profits.”

"Now that you have spent 300 billion on the construction of highways and high-speed railways, these comrades will have nothing to say." Looking at his normal face, he looked very calm.

But it also made Liu Tao understand his good intentions.