www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

Slowing economy crimps China's fiscal revenue

By Zheng Yangpeng (China Daily) Updated: 2015-01-31 09:02

Zhang Zhiwei, chief China economist at Deutsche Bank AG, said in a recent report that continued fiscal pressure would "constrain the government's capacity to boost growth through infrastructure investment and add pressure for structural reforms".

This was already demonstrated in last year's fiscal expenditure. The government spent 15.2 trillion yuan to pay for the civil service, as well as the costs of education, healthcare and other items.

Those expenditures were up 8.2 percent from 2013 - the slowest growth rate since 1987.

That situation prompted many economists to call for a higher fiscal deficit ratio, which they said should be boosted from 2.1 percent of GDP last year to between 2.5 percent and 2.9 percent.

Given the downward pressure of local governments' off-budget spending, mainly derived from land sales and bank loans, the boost is deemed necessary by many analysts to avert a precipitous fall in public expenditure.

Wang Chaocai, deputy head of the Fiscal Sciences Research Center, said that while the ratio could be raised, other strategies should be considered, such as dealing with the government's idle deposits and continuing the public sector's austerity campaign.

"Funding demand from the government sector is insatiable no matter how revenue grows. They key is to rein in that demand," he said.

Zhang warned that broad fiscal revenues, including tax and land sales, could decline 2 percent in 2015, which would be the first decline since 1981.

Despite slower growth, China's broad fiscal revenue is already the world's largest. General fiscal revenue, government funds and budgeted social security funds totaled 23.2 trillion - about $3.7 trillion - in 2014, or 36.5 percent of GDP.

By comparison, the US Treasury publishes "total receipts", which stood at $3.02 trillion in fiscal 2014, which ended on Sept 30.

China's economy is just 59 percent as large as that of the US.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲成人网页 | 亚洲性xx | 性欧美欧美之巨大69 | 乱系列中文字幕在线视频 | 国产成人一区二区三区在线视频 | 久草视频精品在线 | 成人欧美网站 | 九九综合九九 | 日韩精品一区二区三区高清 | 欧美一级毛片无遮无挡 | 亚洲黄色在线视频 | 91成人免费观看在线观看 | 欧美一区二区三区不卡片 | 亚洲精品综合一二三区在线 | 好看的看黄a大片爽爽影院 好男人天堂网 | 欧美一欧美一级毛片 | 久草在线观看资源 | 欧美在线精品一区二区三区 | 成人午夜精品 | 一级做a毛片免费视频 | 国产精品久久久久无码av | 国产午夜免费不卡精品理论片 | 国产欧美一区二区三区视频 | 日韩欧美视频一区二区在线观看 | 一个人看的日本免费视频 | 怡红院久久| 日本在线亚州精品视频在线 | 国产亚洲高清不卡在线观看 | 国产爽爽视频 | 在线黄 | 国产呦系列呦交 | 最新亚洲精品国自产在线观看 | 久久国产精品女 | 欧美在线亚洲 | aaa成人永久在线观看视频 | 欧美高清日本三级人妇 | 久久久高清免费视频 | 老色99久久九九精品尤物 | 久久精品中文字幕免费 | 国产亚洲欧美一区二区 | 欧美日韩亚洲国产 |