男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

China's fiscal revenue expands 10.6% in H1

Xinhua | Updated: 2018-07-16 16:17
Share
Share - WeChat
China's fiscal revenue expands 10.6 percent in H1. [Photo/VCG]

BEIJING - China's fiscal revenue climbed 10.6 percent year-on-year to 10.43 trillion yuan ($1.56 trillion) in the first half this year, according to the Ministry of Finance.

The growth retreated from the 12.2-percent gain registered for Jan-May, according to the ministry.

During the first half of the year, the central government collected 4.99 trillion yuan in fiscal revenue, up 13.7 percent year-on-year, while local governments saw fiscal revenue expand 8 percent to 5.44 trillion yuan.

Fiscal spending during the period rose 7.8 percent to 11.16 trillion yuan, accounting for 53.2 percent of the planned budget for the year.

In June alone, fiscal revenue increased 3.5 percent year-on-year to 1.77 trillion yuan, with tax revenue up 8 percent while non-tax revenue declined 14.9 percent compared with a year earlier.

The growth of tax revenue slowed in June, down from 12.8 percent in May, as the effect of the country's policy of lowering value-added tax since May 1 began to appear, said Liu Liu, an economist at China International Capital Co Ltd.

With the economy on firm footing and fiscal revenue increasing, China lowered its fiscal deficit target to 2.6 percent of GDP for 2018, down by 0.4 percentage points compared with 2017, the first drop since 2013.

The government deficit is projected to be 2.38 trillion yuan, with a central government deficit of 1.55 trillion yuan and a local government deficit of 0.83 trillion yuan.

Despite a lower deficit-to-GDP ratio, China has raised the budget for this year's general public expenditure by 7.6 percent to 21 trillion yuan, higher than the 6.1 percent rise in budget revenue.

The accumulated fiscal deficit was 726.1 billion yuan in H1, down from 917.7 billion yuan during the same period of 2017, and there will be more room for the fiscal deficit in the second half, Liu said.

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
CLOSE
 
主站蜘蛛池模板: 仙居县| 方山县| 新余市| 邵阳县| 多伦县| 济南市| 酉阳| 夏津县| 富民县| 安徽省| 长兴县| 漳平市| 东乡县| 浦北县| 彭州市| 罗平县| 岚皋县| 麟游县| 白朗县| 巴中市| 吴旗县| 湟源县| 阜康市| 宜宾市| 泸水县| 荔波县| 红安县| 丽水市| 霸州市| 任丘市| 泾川县| 正安县| 浪卡子县| 蒙阴县| 周宁县| 沭阳县| 河津市| 宽城| 会理县| 淅川县| 和林格尔县|