Page 2 - REPORT ON THE EXECUTION OF THE CENTRAL AND LOCAL BUDGETS FOR 2021 AND ON THE DRAFT CENTRAL AND LOCAL BUDGETS FOR 2022

Esteemed Deputies,

The Ministry of Finance has been entrusted by the State Council to submit this

report on the execution of the central and local budgets for 2021 and on the draft
central and local budgets for 2022 to the present Fifth Session of the 13th National
People’s Congress (NPC) for your deliberation and for comments from members of

the National Committee of the Chinese People’s Political Consultative Conference
(CPPCC).

I. Execution of the 2021 Central and Local Budgets

The year 2021 was a milestone in the history of both the Party and the country.
The Central Committee of the Communist Party of China (CPC) with Comrade Xi

Jinping at its core united and led the whole Party and Chinese people of all ethnic
groups in accomplishing the following endeavors: We celebrated the centenary of
the Communist Party of China; the 19th Party Central Committee convened its
sixth plenary session where a resolution on the Party’s major achievements and

historical experience over the past century was adopted; we prevailed in the
critical battle against poverty on schedule; we achieved the first centenary goal of

building a moderately prosperous society in all respects and began a new journey
toward the second centenary goal of building a modern socialist country in all
respects.

Last year, facing complex and daunting conditions and various risks and
challenges both at home and abroad, under the strong leadership of the Party

Central Committee with Comrade Xi Jinping at its core, all local authorities and
government departments resolutely followed the guidance of Xi Jinping Thought
on Socialism with Chinese Characteristics for a New Era, fully applied the guiding

principles of the 19th CPC National Congress and all the plenary sessions of the
19th CPC Central Committee, and firmly implemented the decisions and plans of
the Party Central Committee and the State Council. We rigorously executed the

budgets reviewed and approved at the Fourth Session of the 13th NPC,
coordinated Covid-19 prevention and control with economic and social
development, successfully ensured stability on six fronts, and maintained security

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