Economy in Hengyang

    In 2024, the local general public budget revenue of Hengyang City reached 19.598 billion yuan, a year-on-year increase of 0.19%. Of this total, tax revenue stood at 12.949 billion yuan, down 3.76%; non-tax revenue was 6.649 billion yuan, up 8.9%.

    The annual general public budget expenditure amounted to 69.405 billion yuan, growing by 4.7%. By category, public security expenditure was 2.516 billion yuan, a decrease of 10.2%; education expenditure hit 11.879 billion yuan, rising by 2.1%; expenditure on social security and employment reached 10.377 billion yuan, an increase of 5.9%; healthcare expenditure totaled 7.856 billion yuan, up 18.1%; housing security expenditure was 1.936 billion yuan, down 7.2%.

   At the end of the year, the balance of local and foreign currency deposits of financial institutions amounted to 625.485 billion yuan, up 8.5% from the end of the previous year. Specifically, household deposits were 505.938 billion yuan, an increase of 10.5%; deposits of non-financial enterprises stood at 53.127 billion yuan, down 1.1%; deposits of non-bank financial institutions reached 289 million yuan, a drop of 76.0%.

    The balance of local and foreign currency loans of financial institutions (excluding off-balance-sheet loans) stood at 391.610 billion yuan, growing by 11.5%. Among them, household loans were 153.946 billion yuan, up 2.1%; loans to non-financial enterprises and government agencies amounted to 226.376 billion yuan, an increase of 16.9%.

    By the end of the year, there were 30 securities business departments in the city, with a securities trading volume of 692.924 billion yuan, a year-on-year increase of 26.1%.

    The original insurance premium income of insurance companies for the whole year reached 13.274 billion yuan, up 4.5% year on year. Broken down, life insurance premium income was 8.731 billion yuan, an increase of 4.3%; health insurance premium income stood at 2.511 billion yuan, down 1.3%; personal accident insurance premium income was 216 million yuan, a decrease of 3.5%; property insurance premium income hit 4.542 billion yuan, rising by 4.9%. Insurance compensation and benefit expenditure reached 5.216 billion yuan, an increase of 3.0%.