|
BIZCHINA> Top Biz News
![]() |
|
Beijing's govt revenue down 11.6% Jan-May
By Qiang Xiaoji (chinadaily.com.cn)
Updated: 2009-06-18 15:10 Beijing's fiscal revenue kept decreasing in the first five months of this year, the first drop ever seen in the first half of a year in more than a decade, but is predicted to grow from June, The Beijing News reported today. Yang Xiaochao, director of Beijing finance bureau, said yesterday in a report to the municipality's legislators that the government revenue fell 11.6 percent year-on-year to 82.83 billion yuan ($12.12 billion) in the January-May period, and expenditure rose 16.1 percent to 72.74 billion yuan. But he said the government is determined and confident to make ends meet. The bureau would further cut government spending on overseas trips, vehicles and receptions.
Beijing's government revenue had been growing at an annualized rate of more than 20 percent for 14 years in a row and first witnessed a fall in last August, the newspaper said. An unnamed official from the finance bureau attributed the economic slowdown, tax cuts and low price levels as the underlying factors of the fall in the first five months. Lower base number for the second half of 2008 and economic stimulus plans that may show its positive effect in the remainder of this year would make it possible for the municipal government to attain its goal of a 10-percent growth in revenue for 2009, the official said. (For more biz stories, please visit Industries)
|
|||||
云浮市| 平原县| 安多县| 太仆寺旗| 宜昌市| 牟定县| 河西区| 嵊泗县| 虎林市| 安阳县| 长垣县| 秦皇岛市| 新巴尔虎右旗| 玉林市| 卢氏县| 翁牛特旗| 湟源县| 松滋市| 宁城县| 龙州县| 晋中市| 聊城市| 万山特区| 庆云县| 清涧县| 哈尔滨市| 昂仁县| 乌拉特后旗| 金堂县| 通州区| 枝江市| 壤塘县| 威信县| 道孚县| 陇川县| 茂名市| 汤阴县| 赞皇县| 桑日县| 桦川县| 剑川县|