中国房市寒风 土地财政收入减近三成

中国财政部最新统计数据显示，受房地产市场低迷的影响，今年1至9月国有土地使用权出让收入同比下降27.9%1。与此同时，全国政府性基金预算收入年减18.6%，地方政府性基金预算本级收入下滑22.3%1。长期依赖土地财政的地方政府面临收入压力加大。

房地产相关税收同样表现低迷，契税收入今年1至9月年减14.5%1。相比之下，全国税收收入整体保持增长态势，今年1至9月年增6.1%，其中证券交易印花税激增65.1%1。国有土地使用权出让收入自2022年起已连续四年下滑1，表明房地产市场调整已成为一个中期趋势。

China's Ministry of Finance reported a significant contraction in land-related fiscal revenues, underscoring the ongoing struggles in the property sector. During the first nine months of this year, revenue from the sale of state-owned land use rights fell 27.9% year-over-year 1, while national government fund budget revenues declined 18.6% 1. Local government fund budget revenues at the primary level contracted even more sharply, dropping 22.3% 1.

The property market weakness extended to related taxation. Contract tax revenues, which are closely tied to real estate transactions, decreased 14.5% year-over-year during the same period 1. This marked the fourth consecutive year of decline in state-owned land use rights revenue since 2022 1, reflecting prolonged challenges facing local governments that have traditionally relied heavily on land sales to finance their operations.

Despite the weakness in land-dependent revenues, national tax collection performance showed resilience in other areas. Overall tax revenues grew 6.1% year-over-year for the first nine months 1, with securities transaction stamp tax surging 65.1% during the period 1.