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    Fiscal Revenue Increased By 34.4% In April.

    2010/5/12 15:14:00 19

    Taxation

    The Ministry of Finance announced the 11 fiscal revenue and expenditure data on April.

    In April, the national fiscal revenue was 792 billion 566 million yuan, an increase of 34.4% over the same period last year.

    In 1-4 months, the national revenue was 2 trillion and 755 billion 273 million yuan, an increase of 34.1% over the same period last year.

    The Ministry of Finance predicts that the fiscal revenue growth will decline significantly from May, and the annual revenue growth will show a trend of "high before and after low".



    In April, the central level income was 417 billion 930 million yuan, an increase of 42.1% over the previous year, and the local level income was 374 billion 636 million yuan, an increase of 26.7% over the same period last year.

    The Ministry of Finance believes that this month's income growth is relatively high. In addition to the continued economic recovery, the tax revenue growth is good, mainly due to the low base last year.



    The Ministry of Finance pointed out that the main reasons for the rapid growth of fiscal revenue in the first 4 months were as follows: first, the continued recovery of the economy led to a favorable tax growth; two, the rise in the price level resulted in an increase in the tax revenue calculated at current prices; and three, a rise in the consumption tax.

    The four is the low base last year.



    In the first 4 months of this year, the national fiscal revenue increased by 20.9% compared with the same period in 2008, and it increased to 9.9% in the middle of two years. The average annual income of the central level increased by only 5.4%, which is a typical recovery growth.



    From the perspective of fiscal revenue, the revenue growth in May last year, especially after August, has accelerated and the base has been gradually increasing. The Ministry of Finance expects that fiscal revenue growth will fall significantly in May this year, and the annual revenue growth will show a trend of "high before and after low".



    In April, the national fiscal expenditure was 557 billion 555 million yuan, an increase of 9.8% over the same period last year.

    In 1-4 months, the national fiscal expenditure was 1 trillion and 990 billion 551 million yuan, an increase of 11.3% over the same period last year.

    Among them, the central level expenditure was 408 billion 835 million yuan, an increase of 13.2% over the previous year, and the expenditure at the local level was 1 trillion and 581 billion 716 million yuan, an increase of 10.8% over the same period last year.

    The Ministry of Finance pointed out that the growth of the national fiscal expenditure was relatively low, mainly in the same period last year, which implemented a proactive fiscal policy, and the national fiscal expenditure increased by 31.7%, with a high base.

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