CHINA> National
![]() |
Related
Stimulus spending tests fiscal balance amid crisis
(Xinhua)
Updated: 2009-02-26 22:15 BEIJING -- China's deficit hit a record 309.69 billion yuan in 2002, or 3.02 percent of GDP. At the time, the country had an active fiscal policy, which dated back to 1998 as part of its response to the Asian financial crisis.
Under the EU pact, governments may not run a budget deficit greater than 3 percent of GDP. The red ink began to shrink in 2005, when a more prudent fiscal policy was adopted. The deficit was less than 0.4 percent last year. Government revenue, even during years of strong growth, was not enough to fund all the public services the government offered. "The steady rise in fiscal revenues before this year reflected the 1994 tax reforms, which redistributed revenues between the central and lower-level governments," said Yang. Government revenue comprised only 10.27 percent of GDP in 1995. It rose to 20 percent last year, well below the international norm of 30 to 40 percent, he said. "There are no other countries in the world like China that face such a huge task of providing public services to a population of 1.3 billion. It is no easy job to provide services with less than US$1 trillion a year," said Bai. Per-capita government revenue in China was less than 10 percent that of developed countries, he said. Nonetheless, late last year, the government announced massive tax cuts, along with a 4 trillion yuan stimulus plan for the economy. Those cuts, and the slowing economy, have had a dramatic impact on revenue. MOF data showed tax revenue fell 16.7 percent to 563.9 billion yuan in January. Breaking down the total, corporate income tax fell 24.8 percent and car purchase taxes slid 21.2 percent. Export tax rebates jumped 25 percent, reflecting higher rebate rates to help exporters deal with falling foreign orders and mounting inventories. |
主站蜘蛛池模板: 国产女乱淫真高清免费视频 | 亚洲va中文字幕欧美不卡 | 手机在线色 | 欧美最猛性xxxxx亚洲精品 | 成人在线观看不卡 | 亚洲免费网站在线观看 | 中文字幕一区二区三区精品 | 欧美精品一区二区三区四区 | 免费v片在线观看 | h网站国产| 午夜精品同性女女 | 日韩精品亚洲一级在线观看 | 亚洲国产成人久久综合野外 | 亚洲一区二区三区视频 | 久久精品视频99精品视频150 | 国产大尺度福利视频在线观看 | 久久er热这里只有精品免费 | 在线观看欧美一区 | 日韩欧美在线视频观看 | 亚洲成人免费 | 91看片淫黄大片欧美看国产片 | 欧美在线一区二区三区欧美 | 一区二区三区在线视频观看 | 一级黄色免费网站 | 成人的天堂 | 欧美成人午夜毛片免费影院 | 在线观看中文字幕国产 | 中文字幕一区日韩在线视频 | 91久久精品国产一区二区 | 亚洲a级在线观看 | 免费大片黄手机在线观看 | 免费观看成年人网站 | 国产成人高清精品免费5388密 | 欧美一区精品 | 99re6热视频精品免费观看 | 91精品国产一区二区三区左线 | 日本不卡免费高清一级视频 | 亚洲欧美精品久久 | 国产一区国产二区国产三区 | 在线综合+亚洲+欧美中文字幕 | 久青草免费视频手机在线观看 |