ecns [expanded by feedex.net]: China's fiscal revenue rises 13.9 pct in June

ecns [expanded by feedex.net]

ecns

China's fiscal revenue rises 13.9 pct in June
http://www.ecns.cn/business/2015/07-15/173223.shtml
Jul 15th 2015, 07:38





China's fiscal revenue rose 13.9 percent year on year to 1.53 trillion yuan (251.39 billion U.S. dollars) in June, the Ministry of Finance announced on Wednesday.


Combined fiscal revenue in the first six months hit 7.96 trillion yuan, a year-on-year increase of 6.6 percent. The growth was 4.1 percentage points lower than the rise seen in the same period last year.


Several factors have caused slower growth, the ministry said, including lower global commodity prices that triggered a fall in import value, slowing industrial activity, a reduction in business tax collected from a sluggish property sector, as well as the government's efforts to cut taxes and fees to relieve the burden on businesses.


The ministry said it will strengthen budget management and keep cutting taxes and fees in the July-December period.


Fiscal spending in June hit 1.88 trillion yuan, up 13.9 percent year on year. Total fiscal spending in the first half of the year amounted to 7.73 trillion yuan, up 11.8 percent year on year, with spending on social security and employment up 20.9 percent to 1.04 trillion yuan.


Premier Li Keqiang, speaking at the opening of the annual parliamentary session in March, stressed that a proactive fiscal policy and prudent monetary policy would continue in 2015.


China plans to raise its budget deficit to 2.3 percent of its GDP for 2015, up from last year's target of 2.1 percent.


China's economy posted 7-percent growth year on year in the second quarter of 2015, unchanged from the first quarter, the lowest quarterly growth rate since 2009.




China under pressure to meet fiscal revenue budget target




Gain in fiscal spending, revenue slows




China fiscal revenue rises 5 pct in May




China's GDP expands 7 pct in Q2




China's property investment loses more steam in H1
2015-07-15



China retail sales up 10.4 pct in H1
2015-07-15




China central bank regulates overseas action in interbank market


Iranian nuclear deal set to increase trade with China


New figures reveal Chinese casualties


Hiring to remain subdued in second half, says report


China won't accept Hague sovereignty arbitration: FM


Police investigating indecent UNIQLO fitting room video


Four people arrested for selling Chinese military information


Writer smashes BBS computer after readers shrug off his poems


Controversial security bills passed in Japan's lower house committee


No mass urban construction plan for Beijing's sub-admin center





X



选择其他平台 >>
Share





You are receiving this email because you subscribed to this feed at https://blogtrottr.com

If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt