Arab Today, arab today china fiscal revenue rises 63 in september
Last Updated : GMT 17:01:39
Arab Today, arab today
Arab Today, arab today

China fiscal revenue rises 6.3% in September

Arab Today, arab today

Arab Today, arab today China fiscal revenue rises 6.3% in September

China's fiscal revenue
Beijing - XINHUA

China's fiscal revenue rose 6.3 percent year on year to 995.3 billion yuan (162.6 billion U.S. dollars) in September, quickening from a 6.1-percent rise in August, the Ministry of Finance said on Tuesday.
Central government revenue reached 448.2 billion yuan, up 5.9 percent year on year, while local government revenue stood at 547.1 billion yuan, up 6.6 percent from the same period last year.
The pace of fiscal spending sped up. In September, national fiscal expenditures went up 9.1 percent to 1.4 trillion yuan, compared to the 6.2-percent increase in July.
In the first nine months, fiscal revenue rose 8.1 percent to 10.6 trillion yuan, according to the ministry.
In the Jan.-Sept. period, fiscal revenue collected by the central government fell short of the budgeted full-year growth rate of 7 percent, expanding 6 percent year on year to 4.96 trillion yuan, while revenue for local government increased 10.1 percent to 5.68 trillion yuan.
From January to September, spending by the central government went up 11.8 percent to 1.6 trillion yuan, and spending by local governments rose 13.5 percent to 8.8 trillion yuan.
The monthly growth rate of China's fiscal revenue remained at a relatively low level compared to the double digit growth that became the norm for much of the past couple of decades.
"The growth momentum of the fiscal revenue is in line with the overall economic situation in the country," said Bai Jingming, vice director of the Research Institute for Fiscal Science under the finance ministry.
China's gross domestic product (GDP) grew 7.3 percent in the third quarter this year, marking the slowest quarterly growth since the first quarter of 2009, official statistics also showed on Tuesday.
In a statement on its website, the ministry attributed the weak growth in central government revenue to "the relatively low growth rate in export rebates, domestic value-added tax and tax deriving from imports."
Regarding the lukewarm performance of local governments' fiscal revenue growth -- slower than in the same period last year, the ministry said the bearish property sector was mainly to blame.
The ministry said it expects the central government to experience difficulties in boosting fiscal revenue and the growth of local governments' fiscal revenue to further slow in the fourth quarter.
It attributed the dim prospects to "economic downward pressure, more tax cuts under the program to replace business tax with VAT, and the high comparison base of the last year."

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china fiscal revenue rises 63 in september Arab Today, arab today china fiscal revenue rises 63 in september

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Turkey says ends its military operation

GMT 07:53 2017 Thursday ,30 March

Turkey says ends its military operation
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today 'Underwater wasteland' worries

GMT 10:32 2017 Thursday ,30 March

'Underwater wasteland' worries
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Singer Rowida Attiya will issue a new song

GMT 07:38 2017 Tuesday ,28 March

Singer Rowida Attiya will issue a new song
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 07:50 2017 Thursday ,30 March

Breaking trans barriers one barbell

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday