Taxation: Local tax is one of the main sources of local government revenue. Local governments can formulate local tax policies and obtain fiscal revenue by collecting personal income tax, enterprise income tax, property tax, land use tax and other taxes. Income from land transfer: local governments can obtain a lot of financial revenue by transferring land use rights.
Revenue from government funds: Local governments can obtain financial revenue by collecting various government funds, such as urban maintenance and construction funds and education funds. State-owned capital gains: State-owned enterprises owned by local governments can obtain financial revenue through the capital gains of state-owned enterprises. Debt revenue: local governments can obtain debt revenue by issuing bonds and other means, which can be used for infrastructure construction and public development.
Ways to adjust the economy
1. tax: raise relevant tax rates to prevent hidden dangers when the economy is overheated, such as raising stamp duty when the stock market is overheated and reducing taxes when the economy is down, so as to improve the economy.
2. National debt: by issuing national debt, the private sector's investment or transaction funds will be reduced, thus regulating consumption and investment, and at the same time changing the concept of money supply and demand and market interest rates.
3. Fiscal expenditure: The structure of fiscal expenditure plays a key role in the adjustment of social and economic structure and economic development.
4. Government investment: Government investment has a multiplier effect, and has a demonstration and guiding role in guiding the sound development of the economy.
5. In economic theory, both fiscal government and monetary policy are applicable. For example, when the market interest rate is relatively low, it will fall into a liquidity trap, monetary policy will fail, and expansionary fiscal policy will be more effective. However, when the interest rate level is fixed but relatively strong, the economic policy will have a great crowding-out effect, and the expansionary monetary policy will be more effective at this time.