国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

China's fiscal revenue up 6.1 pct in July

Source: Xinhua| 2018-08-13 17:47:58|Editor: xuxin
Video PlayerClose

BEIJING, Aug. 13 (Xinhua) -- China's fiscal revenue rose 6.1 percent year on year to 1.75 trillion yuan (255 billion U.S. dollars) in July, official data showed Monday.

The growth quickened from the 3.5-percent gain in June, according to the Ministry of Finance website.

The central government collected 860.7 billion yuan in fiscal revenue last month, up 1.2 percent year on year, while local governments saw fiscal revenue expand 11.4 percent to 885.4 billion yuan.

In the first seven months of the year, fiscal revenue went up 10 percent year on year to 12 trillion yuan, slowing from the 10.6-percent rise in the first half of the year, the data showed.

The ministry attributed the retreat to the lowering of value-added tax rates in the manufacturing, transportation and agricultural product industries.

Fiscal spending during the period rose 7.3 percent to 12.6 trillion yuan, accounting for 59.8 percent of the planned budget for the year.

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.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001373872791
主站蜘蛛池模板: 蛟河市| 平湖市| 区。| 疏附县| 巨野县| 巫山县| 德昌县| 老河口市| 西平县| 大田县| 白银市| 拉萨市| 柳州市| 嘉义县| 东海县| 屯昌县| 鄯善县| 淮滨县| 庆城县| 景宁| 宜宾县| 通州区| 体育| 阿鲁科尔沁旗| 隆尧县| 宝清县| 清水河县| 葫芦岛市| 逊克县| 仲巴县| 张家界市| 巧家县| 那坡县| 北票市| 逊克县| 丰顺县| 巴林右旗| 平舆县| 贺州市| 都匀市| 安庆市|