首页 社会内容详情
皇冠买球网址:China’s budget deficit widens 600% as pandemic cuts revenue

皇冠买球网址:China’s budget deficit widens 600% as pandemic cuts revenue

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

皇冠买球网址www.hg108.vip)是皇冠体育官网线上直营平台。皇冠买球网址面向亚太地区招募代理,开放皇冠信用网代理申请、皇冠现金网代理会员开户等业务。皇冠买球网址可下载皇冠官方APP,皇冠APP包括皇冠体育最新代理登录线路、皇冠体育最新会员登录线路。

China’s finances have been squeezed this year as its worst Covid wave in more than two years and restrictions imposed to contain the outbreaks curbed economic growth and tax income, while putting extra burdens on local governments to spend more to pay for virus testing and controls. Revenue has also been impacted by a tax relief plan to shore up the economy and a struggling real-estate market, which caused land sales to plummet.

BEIJING: China’s broad budget deficit in the first six months of the year widened to a record as government spending climbed and falling land sales and tax breaks cut income.

The budget deficits for all levels of government was a combined 5.1 trillion yuan (RM3.4 trillion), according to Bloomberg calculations based on data from the Finance Ministry (MoF) released yesterday.

That was the highest ever for the first half of any year and compares with a shortfall of just 718 billion yuan (RM474bil) at the same point in 2021 and a gap of 3.4 trillion yuan (RM2.2 trillion) in 2020.

China’s finances have been squeezed this year as its worst Covid wave in more than two years and restrictions imposed to contain the outbreaks curbed economic growth and tax income, while putting extra burdens on local governments to spend more to pay for virus testing and controls.

Revenue has also been impacted by a tax relief plan to shore up the economy and a struggling real-estate market, which caused land sales to plummet.

The Finance Ministry will keep a close eye on local government finances and detect and solve problems in a timely manner, Song Qichao, an official with the ministry’s budget department, said at a briefing yesterday.

,

足球情报分析www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。足球情报分析上足球分析专家数据更新最快。足球情报分析开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

“Preemptive measures to curb spending will be taken and contingency plans will be made for some counties whose fiscal situation is in a tight balance, so that we maintain the bottom-line of preventing systemic risks,” he said.

The government took in 13.3 trillion yuan (RM8.8 trillion) in income in January to June, when combining the general public and government funds.

General public revenue fell 10.2% from a year earlier, but would have risen 3.3% had it not been for the tax rebates, the ministry said.

“Fiscal income is expected to gradually rebound as the economy will likely continue to recover in the second half of the year” with government stimulus taking effect, Xue Xiaoqian, an official with the MoF’s treasury payment centre, said at the same press conference.

The government had planned 1.64 trillion yuan (RM1 trillion) worth of additional tax refunds to companies this year, but has actually returned 1.85 trillion yuan (RM1.2 trillion) in the first six months, 2.9 times the size seen in the whole year of 2021, said Wei Yan, another MoF official.

The impact of the programme on government income will likely taper off in coming months. — Bloomberg

  • 博彩平台排名(www.99cx.vip) @回复Ta

    2022-09-10 00:10:54 

    平昌冬奥会冠军武大靖说:“我将全力以赴迎接2022年冬奥会,为祖国奉献出一场最精彩的比赛,希望通过这次比赛,让更多的人了解、喜欢冰雪项目。”文字回味无穷啊

  • usdt数字货币交易平台(www.usdt8.vip) @回复Ta

    2022-10-20 00:07:51 

    不幸的是,谁人“ren”罪行滔天《tian》的男子、拉姆的前夫,在一次拉姆直播的历程中,青天白日之下他竟然泼汽油纵火行凶,拉姆的身体大面积烧伤,半个月后不治身亡。有机会拍成电视

发布评论