The golden hen of the treasury is well deserved! The central bank will pay 220 billion yuan to the treasury next year, an 18-year high

According to the written report submitted by the Central Bank to the Legislative Yuan, the central bank's budget payment for next year will be 220.048 billion yuan, a new high in 18 years. It has also exceeded 200 billion yuan for four consecutive years. It is worthy of being the golden hen of the national treasury.

The central bank stated that the amount paid into the treasury next year will increase by about 20 billion yuan, mainly due to the expected increase in operating income this year compared with previous years, and the increase in accumulated surplus approved by the Executive Yuan to be retained until next year.

Yang Jinlong, president of the central bank, will go to the Legislative Yuan on the 16th to present a report on the central bank's business plan and operating budget for next year. Written information shows that as of the end of October this year, the central bank's total operating income was 528.846 billion yuan, and its total operating expenses were 290.74 billion yuan. After revenue and expenditure were offset, the surplus reached 238.107 billion yuan.

According to next year's budget, the central bank's total operating income, including the Central Mint and the Central Printing Plant, is listed at 446.46 billion yuan, an increase of 17.625 billion yuan or 4.11% compared with this year's budget. Among them, interest income of 412.15 billion yuan, including domestic and foreign securities investments, deposits with domestic and foreign banks, and various financing interests, is the main source of income.

The total operating expenses for next year are 271.139 billion yuan, an annual increase of 6.95%, of which 188.143 billion yuan is interest expense. After revenue and expenditure were balanced, the budget surplus was 175.322 billion yuan. After deducting the statutory reserve of 35.073 billion yuan, plus the accumulated surplus of 79.8 billion yuan in previous years, the total payment to the treasury was 220.048 billion yuan.

However, the central bank also pointed out that the surplus is greatly affected by domestic and international financial conditions and is highly uncertain. Income from the use of foreign currency assets is the main source of revenue, but operating volume, major foreign currency interest rates and exchange rates are not fully controlled by the central bank; expenditures are also affected by sterilizing measures and domestic interest rate adjustments.

The central bank also stated that the market value of domestic stocks held by foreign investors has increased significantly. In order to maintain the stability of domestic and external currency values, the central bank has made timely adjustments. Foreign exchange reserves may not be able to continue to grow, which will affect future revenue and deposits. At the same time, in order to achieve price and financial stability goals, room for the implementation of monetary policy must still be reserved.