www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Macro

Government revenue rises slowly, spending increases

By Xinhua Updated: 2014-07-15 06:57

China's fiscal revenue grew modestly in the first half of 2014 while its expenditure surged as the government stepped up spending on key projects, the Ministry of Finance said on Monday.

Total fiscal revenue rose 8.8 percent to 7.46 trillion yuan ($1.21 trillion) in the first six months.

The central government collected 3.43 trillion yuan, up 6.2 percent, which was slower than the budgeted increase of 7 percent set during the annual legislative meeting in March.

In June alone, central government revenue was up 5.8 percent to 547.7 billion yuan, while local government revenue rose 10.9 percent to 798.4 billion yuan.

Government revenue rises slowly, spending increases
Govt steps on fiscal pump 
Government revenue rises slowly, spending increases
Fiscal reforms to ease local govt debt pressure 
The ministry said that revenue received by the central government last month continued a trend of slow growth due to a decline in value-added tax and increasing tax rebates for exports.

Land transfer revenues, a source of revenue for local governments other than taxation, rose 26.3 percent to 2.11 trillion yuan in the first half, but it posted a meager 7.3 percent expansion in June, the ministry said.

Fiscal expenditure maintained double-digit growth. In the first half, total national fiscal spending expanded 15.8 percent to 6.92 trillion yuan. For June alone, the figure surged 26.1 percent to 1.65 trillion yuan.

Local governments spent 1.45 trillion yuan in June, up 28.3 percent, while the central government spent 201.7 billion yuan, up 12.3 percent.

The combination of modest growth in fiscal revenue and accelerating fiscal spending presents a challenge for governments at various levels, especially as the country pursues broad reform amid downward pressure.

The economy grew 7.4 percent in the first quarter, the fastest of all major economies but below the full-year target of 7.5 percent. Data for the first half are expected to come out on Wednesday.

China has vowed to build a comprehensive, transparent and efficient fiscal and tax system, as indicated in a statement released after a central leadership meeting in late June.

One highlight of the reform is a program to replace business tax with VAT in some service sectors, which analysts said may reduce tax revenue in the short term.

China aims to fulfill key tasks in the new round of fiscal and tax reforms by 2016 and establish a "modern fiscal system" by 2020.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 国产成人综合视频 | 成人a毛片在线看免费全部播放 | 亚洲美女视频一区二区三区 | 国产精品自拍在线观看 | 久久久久久中文字幕 | 婷婷的久久五月综合先锋影音 | 欧美成人性性 | 特级毛片aaa免费版 特级毛片a级毛免费播放 | 国产小视频在线高清播放 | 国产成人精品天堂 | 久久精品亚洲乱码伦伦中文 | 国产成人香蕉久久久久 | 欧美 亚洲 在线 | 美女张开腿让男人桶的动态图 | 特级淫片欧美高清视频蜜桃 | 日韩一级a毛片欧美一级 | 国产高清片 | 日韩 欧美 自拍 | 国产综合久久久久 | 国产综合久久久久 | 国产成人精品高清免费 | 日本阿v视频在线观看高清 日本波多野结衣视频 | 国产精品久久久久久久久久影院 | 乱子伦一级在线现看 | 在线播放亚洲美女视频网站 | 99精品久久99久久久久 | 免费看毛片网 | 亚洲精品国产一区二区 | 国产日产欧产精品精品推荐小说 | www国产| 亚洲美女视频免费 | 亚洲美色综合天天久久综合精品 | 欧美成人aaa大片 | 久久99精品久久久久久秒播 | 大视频在线爱爱爱爱 | 国产九九免费视频网站 | 可以看毛片的网站 | 国产午夜精品一区二区三区不卡 | 久草中文在线观看 | 秘书高跟黑色丝袜国产91在线 | 第一区免费在线观看 |