Global EditionASIA 中文雙語Fran?ais
    China
    Home / China / Deputies and Members

    Budget deficit-to GDP ratio reduced to improve fiscal sustainability

    By ZHANG YUE | chinadaily.com.cn | Updated: 2022-03-05 18:32
    Share
    Share - WeChat
    Minister of Finance Liu Kun attends an interview via video link after the opening meeting of the fifth session of the 13th National People's Congress in Beijing, March 5, 2022. [Photo/Xinhua]

    The lowering of China's planned deficit-to-GDP ratio this year will help make China's fiscal policy more sustainable and will not dent the intensity of central fiscal spending, the country's finance minister said.

    "The lowering of the budget deficit-to-GDP ratio is an important measure to boost and improve fiscal sustainability," Liu Kun, China's finance minister, said on the sidelines of the annual session of the National People's Congress on Saturday.

    He said that the intensity of fiscal spending will be ensured and sustained.

    According to the Government Work Report delivered by Premier Li Keqiang on Saturday morning, the government has set the deficit-to-GDP ratio for this year at around 2.8 percent, lower than the 3.2 percent of 2021.

    The central government transfer payments to local governments will reach up to 9.8 trillion yuan ($1.55 trillion), which represents a growth rate of 18 percent, or around 1.5 trillion yuan, and is the largest increase in recent years.

    Liu, the finance minister, said that increased transfer payments can greatly help local governments meet their fiscal spending needs.

    He said this year's tax and fee cuts and tax refund policies will be implemented in a more targeted manner to support smaller businesses and businesses in the manufacturing sector so as to help them enjoy a greater sense of gain.

    Top
    BACK TO THE TOP
    English
    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
     
    蜜臀精品无码AV在线播放| 日本中文字幕一区二区有码在线| 亚洲av无码专区在线播放 | 精品无码人妻久久久久久| 在线观看中文字幕码| 无码人妻一区二区三区在线 | av无码免费一区二区三区| 熟妇人妻中文a∨无码| 中文字幕无码高清晰 | 人妻少妇偷人精品无码| 亚洲?V无码成人精品区日韩 | 日韩人妻无码精品无码中文字幕| 亚洲AV无码一区二区乱孑伦AS| 亚洲一区二区中文| 99在线精品国自产拍中文字幕| 国产精品多人p群无码| 日本中文字幕在线2020| 亚洲 欧美 国产 日韩 中文字幕 | 无码午夜人妻一区二区三区不卡视频| 亚洲不卡无码av中文字幕| AV无码免费永久在线观看| 亚洲热妇无码AV在线播放| 无码任你躁久久久久久老妇App | 亚洲日产无码中文字幕| 亚洲AV无码久久精品色欲| 久久精品aⅴ无码中文字字幕不卡| 亚洲AⅤ无码一区二区三区在线| 精品欧洲AV无码一区二区男男| 亚洲va中文字幕无码久久不卡| 国产色爽免费无码视频| 精品无码一区二区三区电影| 一夲道DVD高清无码| 亚洲中文字幕无码专区| 日本爆乳j罩杯无码视频| 中文字幕无码av激情不卡久久| 亚洲精品一级无码中文字幕| 在线欧美天码中文字幕| 精品多人p群无码| 亚洲∧v久久久无码精品| 久久99精品久久久久久hb无码| 日韩精品久久无码中文字幕|