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

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Macro

China's central govt fiscal revenue growth slows

Xinhua | Updated: 2013-06-28 09:26

BEIJING -- China's central government saw its fiscal revenue growth slow down in 2012 and may struggle to meet this year's target, according to a government report released on 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, according to a State Council 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 the reduction of tax revenue that went to the central treasury, according to a 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.

In the first four months of the year, central fiscal revenue dropped by 0.8 percent from the same period last year, largely due to a slowdown in economic growth and 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 the business tax with a value-added tax (VAT) in some service sectors will be expanded to the whole country in August, which will likely 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.

Previous 1 2 Next

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
彭阳县| 石城县| 桦南县| 逊克县| 平山县| 乐昌市| 海安县| 庄浪县| 桐柏县| 张掖市| 汤阴县| 峨边| 获嘉县| 新宾| 余江县| 儋州市| 肃南| 奉化市| 桐梓县| 乌兰浩特市| 吉安市| 平安县| 岱山县| 沁阳市| 彭州市| 乌兰察布市| 德兴市| 赫章县| 志丹县| 阳原县| 河津市| 武平县| 资兴市| 高要市| 普格县| 丘北县| 阿坝| 阿合奇县| 辉南县| 东丽区| SHOW|