Home / New Normal

    Finance Minister denies 300b yuan govt spending of public funds

    (Xinhua/chinadaily.com.cn)

    Updated: 2015-03-06 11:42:01

    8.03K

    Finance Minister denies 300b yuan govt spending of public funds

    China's Minister of Finance Lou Jiwei takes questions from journalists at a news conference during the ongoing two sessions in Beijing, March 6, 2015. [Wang Jing / chinadaily.com.cn]

    China's Finance Minister on Friday denied rumor that the government spent 300 billion yuan ($47.9 billion) on public vehicles, receptions and trips.

    "It is nonsense to say that," said minister Lou Jiwei at a press conference.

    Public funds for government vehicles, officials' overseas trips and official receptions are known as "three public funds."

    The central government's expenditure of the funds was 7.1 billion yuan last year, 800 million yuan lower than that of 2013, he said. "The funds for this year would not exceed last year's level."

    Lou said he was not clear about the use of funds in local governments, but he estimated the total figure would be dozens of billion yuan, rather than "300 billion yuan" as rumored.

    Here are other highlights of the press conference.

    Proactive fiscal policy

    "We must adopt a moderately expansionary fiscal policy in coping with downward pressures, as we de-leverage the economy step by step while preventing it from nose-diving," Lou said.

    Signs of recovery in world economy are not obvious enough, including that in the United States, said Lou, adding that China will be affected by such "new normal" of the world economy.

    Personal income tax

    The government will loosen taxes charged on enterprise annuity to support the fragile pension system encumbered by an aging population.

    It's not fair to raise the threshold for personal income tax, Minister of Finance Lou Jiwei said.

    Lou also acknowledged drawbacks in the taxation system in regard to personal income, while responding to a question whether more tax cuts are expected to drive consumption needs.

    Pension

    While strengthening the management and reform of mandatory social pension, the ministry has also implemented tax preference policies that support enterprise annuity.

    Pilot programs have been carried out on adopting EET model in pension system. "The ministry will work with China Insurance Regulatory Commission to raise a nationwide plan," Lou said.

    Asian Infrastructure Investment Bank

    The offer of being a founding member of the Asian Infrastructure Investment Bank (AIIB) is still open but the ball is in Japan's court, Lou said. 

    The chance to be an AIIB founding member is available for all Asian countries including Japan by March 31, Lou said.

    "They told us they are considering. Whether Japan will join, we do not know. It is Japan's own decision," he added.

    Previous Page 1 2 3 Next Page

     
    亚洲AV无码一区二区三区性色| 亚洲AV无码一区二区三区在线观看 | AV无码久久久久不卡蜜桃| 69久久精品无码一区二区| 乱人伦中文无码视频在线观看| 欧美日韩中文国产一区发布| 无码AV天堂一区二区三区| 亚洲日本中文字幕一区二区三区| 亚洲AV无码一区二区三区在线观看| 色综合久久无码五十路人妻| 亚洲欧美成人久久综合中文网| 中文字字幕在线中文无码| 国产亚洲?V无码?V男人的天堂 | 精品无码人妻一区二区三区 | 日韩av无码免费播放| 亚洲中文字幕无码爆乳AV| 日韩经典精品无码一区| 国产成人午夜无码电影在线观看 | 日韩精品无码一区二区三区四区| 中文字幕丰满伦子无码| 亚洲AV无码一区二区三区国产| 国产成人AV无码精品| 国产AV一区二区三区无码野战| 亚洲av无码一区二区三区乱子伦| 国产在线拍偷自揄拍无码| 日本妇人成熟免费中文字幕| 日韩成人无码影院| 亚洲AV无码乱码在线观看牲色| 久久亚洲AV成人出白浆无码国产 | 久久久无码一区二区三区| 无码少妇一区二区性色AV | 成人无码免费一区二区三区| 婷婷四虎东京热无码群交双飞视频 | 免费无遮挡无码永久视频| 久久久久久国产精品免费无码| 无码人妻熟妇AV又粗又大 | JLZZJLZZ亚洲乱熟无码| 97久久精品无码一区二区| 人妻丰满熟妇A v无码区不卡| 中文无码字慕在线观看| √天堂中文www官网|