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

    Central govt fiscal revenue growth slows

    Updated: 2013-06-27 18:21
    ( 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.

    8.03K
     
    ...
    ...
    ...
    亚洲欧美日韩另类中文字幕组| 精品无码人妻一区二区三区 | 亚洲国产精品无码久久青草 | 亚洲欧洲日产国码无码网站| 日韩乱码人妻无码中文字幕久久| 无码视频一区二区三区在线观看| 欧美麻豆久久久久久中文| 免费AV一区二区三区无码| 亚洲国产精品无码专区影院| 亚洲中文字幕无码不卡电影| r级无码视频在线观看| 亚洲韩国精品无码一区二区三区| 亚洲国产日韩欧美在线a乱码日本中文字幕高清 | 免费无码婬片aaa直播表情| 亚洲av日韩av无码| 亚洲精品无码久久久影院相关影片 | 人妻精品久久无码专区精东影业| 中文字幕日本精品一区二区三区| 人妻精品久久久久中文字幕一冢本| 国产真人无码作爱视频免费| 亚洲大尺度无码无码专区| 午夜无码中文字幕在线播放| 亚洲第一中文字幕| 天堂中文在线最新版| 亚洲精品无码你懂的网站| 国产又爽又黄无码无遮挡在线观看 | 99高清中文字幕在线| 亚洲Av无码乱码在线观看性色| 久久国产精品无码网站| 免费无码国产V片在线观看| 久久亚洲AV无码西西人体| 免费无遮挡无码视频在线观看 | 成人无码一区二区三区| 国产精品无码av在线播放 | 欧美 亚洲 有码中文字幕 | 我的小后妈中文翻译| 亚洲中文字幕成人在线| 日韩三级中文字幕| 再看日本中文字幕在线观看| 久久精品无码一区二区WWW| 中文字幕乱妇无码AV在线|