The Impact of Fiscal and Tax Policy Changes on Budget Preparation in the Construction Industry
In the current economic environment,the construction industry faces significant impacts on budget preparation due to changes in fiscal and tax policies.This paper systematically discusses the specific effects of fiscal and tax policy changes:fluctuations in government spending,expansion of fiscal deficits,and updates in accounting standards.It imposes new requirements on cost control and financial transparency in the industry.In terms of taxation,adjustments in tax rates and new tax reduction policies require the construction industry to reassess and adjust budgets to maintain competitiveness in the market.The paper emphasizes the basic principles that should be followed in budget preparation,including adequacy,certainty,simplicity and flexibility.It suggests that companies should cope with policy changes by diversifying project selection,tightening budgets,and enhancing risk management.This approach aims to ensure financial stability and compliance in a constantly changing policy environment and achieve long-term development.
construction industryfiscal policybudget preparationtax policy
NETL
NSTL
万方数据
维普
