日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Government revenue rises slowly, spending increases

By Xinhua | China Daily | 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.

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.

 

Editor's picks
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
主站蜘蛛池模板: 视频一区二区国产 | 九九国产精品视频 | 久久精品国产77777蜜臀 | 天天干夜夜操 | 97超碰站 | 欧美中文字幕在线 | 国产综合网站 | 激情五月婷婷色 | 黄色一级视频播放 | 欧美日韩免费做爰视频 | 亚洲一区二区三区在线播放 | 国产又黄又爽视频 | 午夜影视网 | 精品麻豆视频 | 日韩av手机在线 | 成人3d动漫一区二区三区91 | 欧美成人xxx| 亚洲精品久久久久久久久久 | 国产黄色一区 | 日韩一区欧美一区 | av永久免费| 欧美成人性生活视频 | av导航在线 | 爽爽窝窝午夜精品一区二区 | 免费在线视频一区二区 | 亚洲情侣在线 | 亚洲国产大片 | 久久综合在线 | 久热免费在线 | 午夜精品99| 日本高清黄色 | 日本视频中文字幕 | 亚洲高清视频在线播放 | 狠狠操天天操 | 性xxxx视频播放免费 | 国产精品久久久免费观看 | 伊人av一区| 成人久久免费 | av片在线免费看 | 国产一区二区视频在线免费观看 | 天堂在线视频免费 |