Having reviewed last year's performance.
It's now time for the new year's development plan.
After glancing around, Xiao Hong Jing said, "Li Bu Chang, please report on last year's financial income and expenditure."
Li Tian Lin nodded in response.
He opened the document in front of him and moved the microphone closer.
Then he said, "In 2009, national fiscal revenue reached 783.47 billion Han Yuan.
Corporate tax reached 217.3 billion Han Yuan.
Personal income tax reached 152.5 billion Han Yuan.
Consumption tax reached 116.1 billion Han Yuan.
Other taxes reached 27.7 billion Han Yuan.
...
Total annual fiscal expenditure was approximately 811.3 billion Han Yuan..."
The fiscal debt situation mainly arose from large investments in infrastructure, such as building docks, airports, and expressways, which increased debt.
Take airports, for example. Each airport investment amounts to tens of billions of Han Yuan.
Currently, two airports are undergoing expansion, and three are under construction. These alone cost tens of billions of Han Yuan.
And that's not counting the costs of building docks and expressways.
So, although our fiscal revenue is high, our expenditure is also high.
However, the fiscal situation will change next year.
First, we will have at least three to four hundred million dollars in oil revenue.
Second, companies under Xiao Yun Hai's control will be fully operational.
Third, tourism revenue will increase. After the completion of some hotels next year, tourism development will be vigorously promoted.
And, the global economy itself will be recovering.
...
“...Thanks to last year's growth and the oil discovery, our department has adjusted the 2010 fiscal revenue estimate. We expect 2010 fiscal revenue to reach 1100 billion Han Yuan. This mainly consists of oil revenue, which is expected to be 320 billion Han Yuan. Corporate tax is expected to increase to 270 billion Han Yuan, and personal income tax to 170 billion Han Yuan..."
This fiscal revenue is just an estimate.
It's mainly used for government budgeting.
With a budget, there will be spending.
Li Tian Lin continued, "Due to the discovery of oil, which has stirred up tensions in the regional situation, the Philippines, Malaysia, and Java have become restless. The military has submitted a budget. After negotiations, the Ministry of Defense's 2010 military budget is 105 billion Han Yuan, a year-on-year increase of 23.1%!
The Ministry of Transportation's budget is 117 billion Han Yuan, a year-on-year increase of 11.3%!
The Ministry of Health's budget is 175 billion Han Yuan, a year-on-year increase of 5.4%!
The Ministry of Education's budget is 122 billion Han Yuan, a year-on-year increase of 3.5%...
...
The total annual budget expenditure is 910 billion Han Yuan, and the estimated fiscal surplus is 190 billion Han Yuan."
...
In fact, in the annual fiscal budget expenditure, healthcare and education account for the largest share.
Although Xin Han is a developing country, with a previous per capita GDP of only around $5,000.
It implements free healthcare and education systems.
Free education includes kindergarten (2 years), primary school (6 years), and secondary school (5 years), totaling 13 years of free education.
After graduating from secondary school, there are two options. One is to enter a research-oriented university for those who achieve good grades.
The other is to study technical professions at a technical college for those who don't make it to university.
In Xin Han, skilled workers' salaries are no lower than civil servants.
It is said that this system was initially modeled after Prussia in Europe.
Free healthcare is not entirely free, it has conditions.
Citizens over 12 years old only need to pay 10 Han Yuan for each visit to a public hospital to receive basic medical care.
This includes, but is not limited to, outpatient medical examinations, treatment rehabilitation, and routine medication, with the associated costs covered by the state.
Children under 12 and seniors over 60 can enjoy free basic medical care at public hospitals without paying fees.
However, routine serious illnesses, such as surgery or chemotherapy, are not included.
But they can choose to participate in national medical insurance.
An annual payment of 600 Han Yuan provides a 60% reimbursement rate for inpatient treatment. This is only for those who don't have a stable job.
Those with jobs pay insurance proportionally, enjoying a 75% reimbursement rate. This is not limited to public or private hospitals, as long as it is a designated hospital.
Finally, there is commercial insurance.
It is similar to the medical system in Dragon Kingdom. The good thing is that the cost of medical examinations is basically eliminated.
This saves a significant amount of money for many people.
After all, a hospital stay once a year is considered rare, and many people's medical expenses are mainly spent on outpatient check-ups.
Therefore, this results in healthcare and education accounting for the largest share of annual fiscal expenditure.
There's no way around it. Healthcare, education, and housing are the three mountains weighing down the people.
To maintain a stable rule, you have to be good to the people.
Housing prices in Xin Han are not high.
Once healthcare and education are taken care of, the happiness index in Southeast Asia, aside from the neighboring Brunei, should be the highest.
Moreover, unlike Siam's free healthcare, Xin Han's public hospitals are no worse than private hospitals, both in terms of hardware equipment and doctor quality.
This is mainly because the government is willing to spend money.
Furthermore, public hospital doctors have positions, and their pensions after retirement are significantly higher than those of doctors in private hospitals.
If a doctor in a public hospital has children, they can enjoy a 10-point bonus when applying to university.
These welfare measures have prevented a mass exodus of good doctors from public hospitals to private hospitals.
Of course, this also involves administrative measures, such as maintaining the proportion of public and private hospitals.
In short, except for lower income, Xin Han citizens have a good happiness index.
This, of course, adds to the fiscal burden.
Fortunately, the royal family has a lot of money.
They don't avoid paying taxes like some royal families in the Middle East or some wealthy families in other countries.
In Xin Han, the royal family has taken the lead.
Royal family businesses pay corporate tax as usual every year.
However, the law stipulates that the royal family pays 10%, while other companies pay 25%.
Compared to some countries with corporate tax rates above 30%, even reaching 45%.
Xin Han's 25% corporate tax is among the lowest in the world.
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