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Before September, Fiscal Revenue Increased By 22.4%&Nbsp; &Nbsp; &Nbsp; Price Rise Was One Of The Reasons.

2010/10/16 9:25:00 37

Ministry Of Finance Revenue Rising


  

Treasury Department

Yesterday announced the "fiscal revenue and expenditure situation for September 2010", the first three quarters of the year.

Revenue

6 trillion and 303 billion 951 million yuan, an increase of 1 trillion and 152 billion 64 million yuan over the same period.

22 increase

.4%.


In September, the national fiscal revenue was 628 billion 719 million yuan, an increase of 67 billion 784 million yuan compared with the same period last year, an increase of 12.1%.


The Ministry of Finance said the fiscal revenue in the first three quarters of the year was gradually decreasing.

Among the revenues, the growth rate was mainly tariff, import value-added tax, consumption tax and vehicle purchase tax.

The vehicle purchase tax is mainly affected by the rapid growth of vehicle sales and the impact of this year on the reduction of passenger cars from 1.6 to less than 5% litres to 7.5% reduction of vehicle purchase tax.

In addition, the growth of business tax has dropped markedly.

The main reason is that the volume of real estate market has declined, and the sales tax of real estate has declined considerably.


The main reason for the growth is that the economy is rising faster.


According to the Ministry of finance, the main reason for the growth of the national fiscal revenue in the first three quarters is the rapid economic recovery, especially the rapid growth of some economic indicators with higher tax related links, which led to a rapid increase in customs duties, import value-added tax, consumption tax, vehicle purchase tax and business tax.


Second, this year

Rising price level

The tax revenue calculated at current prices will increase correspondingly.


Third, last year we implemented the tax reform of refined oil products and the annual consumption tax on tobacco products.


Fourth, in the first three quarters of last year, the national fiscal revenue grew by 5.3% and the base was very low, so that this year's income growth correspondingly raised.


In the fourth quarter, the cumulative growth of fiscal revenue will drop month by month, due to the slowdown in economic growth and the continuation of higher income base in the same period last year.


"Before September, fiscal expenditure was 5 trillion and 400 billion


In the first three quarters, the national fiscal expenditure was 5 trillion and 450 billion 496 million yuan, an increase of 930 billion 218 million yuan over the same period last year, an increase of 20.6%.

Among them, the central level expenditure of 11124 yuan, an increase of 15.5%; local level expenditure 4 trillion and 338 billion 96 million yuan, an increase of 21.9%.


The main items of national fiscal expenditure include education expenditure of 749 billion 153 million yuan, an increase of 17.5%, social security and employment expenditure of 603 billion 969 million yuan, an increase of 27.1%, and general public service expenditure of 580 billion 918 million yuan, an increase of 14.5%.

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