波多野结衣办公室双飞_制服 丝袜 综合 日韩 欧美_网站永久看片免费_欧美一级片在线免费观看_免费视频91蜜桃_精产国品一区二区三区_97超碰免费在线观看_欧美做受喷浆在线观看_国产熟妇搡bbbb搡bbbb_麻豆精品国产传媒

China vows to up fiscal revenue, cut expenditure
( 2002-05-17 10:47 ) (8 )

Chinese Vice-Premier Li Lanqing on Thursday called on governments at all levels to increase fiscal revenue and rein in excessive growth of expenditure.

Addressing a national video teleconference on fiscal revenue and expenditure, the vice-premier said China's economy had been maintaining a stable growth so far this year.

The country's fiscal revenue, however, had been increasing at a rate slower than expected while the fiscal expenditure growth had been excessively high, he added.

There were numerous reasons for the situation, including readjustment of its taxation policy and an unexpected decrease in corporate profit, he said.

A stable increase in fiscal revenue was vital for the country's economic growth, enabling the central government to have adequate financial resources for its pro-active fiscal policy, the vice-premier noted.

The Chinese government has been spending heavily during recent years after the 1997 Asian Economic Crisis in order to maintain economic growth.

He described improving tax collection as an urgent task to ensure that the fiscal revenue target set earlier this year by the central government would be met.

Li urged government departments at all levels to protect the integrity of the country's taxation laws.

No local governments are permitted to exceed their authority to formulate taxation policies and reduce or exempt tax, he warned.