国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

chinadaily.com.cn
left corner left corner
China Daily Website

China's central govt fiscal revenue growth slows

Updated: 2013-06-27 16:59
( Xinhua)

BEIJING -- China's central government saw its fiscal revenue growth slow down in 2012 and may struggle to meet this year's target, said a government report Thursday.

Last year, the central government had a fiscal revenue of 5.62 trillion yuan ($910 billion), a year-on-year increase of 9.4 percent, said the State Council's report on the central government's final accounts for 2012.

In 2011, central fiscal revenue increased by 20.8 percent from the previous year.

The slowdown was caused by low growth and reduction of tax revenues that went to the central treasury, said the report submitted to the bi-monthly session of the Standing Committee of the National People's Congress (NPC), China's top legislature.

For instance, revenue from value-added tax in the domestic market only met 97.2 percent of the budgeted target because industrial performance was poor.

This year the central government may be under great pressure to achieve the full-year target of 7-percent growth, Finance Minister Lou Jiwei said when elaborating on the report to lawmakers.

In the first four months of this year, central fiscal revenue dropped by 0.8 percent from the same period of last year, largely due to the slowdown of economic growth and the policies of structural tax reductions, according to the report.

In the next few months, industrial output growth may continue to slow down and enterprises may report less profits, which will set back fiscal revenue growth, Lou said.

A pilot program to replace business tax with value-added tax (VAT) in some service sectors, such as logistics which will be expanded to the whole country in August, is also likely to reduce central government revenue, he added.

Since the beginning of last year, China has adopted a raft of tax-cutting measures to help alleviate burdens for businesses and individuals and serve the country's economic restructuring.

 
 
...
通化市| 和静县| 镇雄县| 青神县| 甘洛县| 宝丰县| 巩义市| 双辽市| 沙湾县| 万源市| 卢湾区| 庆城县| 铜陵市| 寿阳县| 雅江县| 中山市| 长春市| 玉溪市| 宁国市| 江达县| 玉山县| 南郑县| 濉溪县| 屏山县| 密云县| 石城县| 冕宁县| 河曲县| 菏泽市| 永平县| 车险| 黄冈市| 乐都县| 扶余县| 洞口县| 洛隆县| 连南| 林西县| 嫩江县| 瑞安市| 周宁县|