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The following article was published in our article directory on January 21, 2011.
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National Revenue Growed 21% Than Last Year

Article Category: Business

Author Name: Amanda xzh

The ministry of finance on January 20, published last year, national revenue 83080 billion yuan, a year-on-year increase 14562 billion yuan, up by 21.3%. Among them, in December, the national revenue 6340 billion yuan, a year-on-year increase mindful 1215 billion yuan, up 23.7%. The incomes, rapid growth, than the budget exceeded the value added tax is the main import goods excise, tariffs, domestic consumption tax, car purchases duty, etc.

The ministry of finance says the, rapid economic growth and price levels rise, annual car driving car purchases duty, automobile nokias growth surged factors such as consumption caused by the national revenue is growing rapidly.

Last year the national financial expenditure 89575 billion yuan, a year-on-year increase 13275 billion yuan, up 17.4. In December, the expenditure of national 17982 billion yuan, a year-on-year mindful reduce 2081 billion yuan, drop 10.4%.

The ministry of finance on Thursday, the last national revenue 83080 billion yuan, a year-on-year increase 14562 billion yuan, up by 21.3%.

Among them, in December, the national revenue 6340 billion yuan, a year-on-year increase mindful 1215 billion yuan, up 23.7%.

The incomes, rapid growth, than the budget exceeded the value added tax is the main import goods excise, tariffs, domestic consumption tax, car purchases duty, etc.

The ministry of finance says the, rapid economic growth and price levels rise, annual car driving car purchases duty, automobile nokias growth surged factors such as consumption caused by the national revenue is growing rapidly

In the first half of this year, the national revenue realized 16392 billion yuan, a year-on-year increase of 14.6 per cent in 2004, and below the sinuses amplitude. Among them, the central finance income growth 10.1%, local fiscal revenue growth 21%; The national financial expenditure for 12421 billion yuan, a year-on-year increase of 15 percent. Among them, the expenditure of the central government, local financial expenditure 1.5% 20.9% growing rate

The ministry of finance concerns chief introduction, said in the first half of the national export tax rebates completed 1503 billion yuan, a year-on-year retreat more 1044 billion yuan, and this became the central finance income increase obviously decreased the main reason. In addition, the import link tax low growth and securities trading stamp duty negative growth is the central finance income growth decline.

According to the controller introduces, in national revenue income structure, the domestic tax revenue because than last year the corresponding period grows the 20.5%, for national revenue growth contributed 10 percentage points, become pull the main factors of fiscal revenue growth. In addition, the income tax income tax more, import links on fiscal revenue growth contribution is decreased obviously, up only 3.5% growth.

In addition, the first half of fiscal expenditure structure was further optimized, agriculture, social security and education such key spending got better safeguard. Including advance in 27 provinces realized the exemption of agricultural tax, carried out the food straight fill allowance implementation policies and to major grain-producing counties encouragement policy, etc.

The ministry of finance financial scientific researcher at the institute ZhaoQuanHou told reporters, turnover has always been a national finance is an important part of tax income tax revenues, usually accounted for 60% | 70%. Owing to the commodity circulation channels and production and marketing satisfy the need of fiscal revenue growth, the contribution of nature is very large.

In the second half of a fiscal levied factors

For the second half financial payments, the ministry of finance in the says, because there's levied factors, we must adhere to the increasing earnings. Among them, reduce factors is industrial earnings growth may slow down, the income tax of growth will slowdown and export drawback is growing rapidly, etc.

In addition, deepening the reform of rural taxes, the state of the real estate market control power to further strengthen, the transformation of value-added tax pilot, implement support employment and reemployment, developing the western region, the development of high and new technology industries and other related factors such as tax preferential policies can also lead to the relevant finance income declined.

And expenditure, the flood control and drought expenditure and victims life assistance may increase spending, Prices if take high will intensify townsman lowest fee subsidy spending pressure; Improve social security object basic living treatment expenditure, education, scientific and cultural expenditure and administrative expenses, and the army cadres placement and maintain social stability, etc is likely to increase spending also.

The move of the yuan's exchange rate adjustment, ZhaoQuanHou researchers believe that it will have certain to GDP growth inhibition, give the financial revenue pressure will also embodied in the second half, because this effect is lagging reflect, is about 3 | 6 months later, so, fiscal revenue pressure will be at the end of the year.

Additional, because the macro economic policy adjustment, the second quarter began, economic growth began slowing, and the enterprise management status nor fundamentally improved, this natural will affect income tax. Meanwhile, ZhaoQuanHou says, because some enterprise and individual income tax is half a year or one year time, during the first half is unified payment collection off-season, so by the end of this section income can be levied in certain degree offset factor impacts.

"From the current circumstance looks, strengthen revenue collection, strict control spending, is very necessary. This exists in must promptly eliminate expire the tax preferential policy, stop and correcting some local disguised duty reduction or exemption policy, meanwhile, has to serious financial disciplines and intensify the key fields and key spending the supervision and management of."

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