The Morning News (Reporter Sun Chunxiang) the Ministry of Finance

The Morning News (Reporter Sun Chunxiang) the Ministry of Finance yesterday published data, the national fiscal revenue in March was 905.7 billion yuan, an increase of 18.7% over the same period last year; a quarter of total fiscal revenue of 2.997625 trillion yuan, an increase of 14.7 percent over the same period last year. Among them, the tax income of 2.585781 trillion yuan, an increase of 10.3%. Tax revenue growth rate of the first quarter 8.1% GDP growth rate by 2.2 percentage points higher.

It is estimated that the first quarter of this year, financial income and tax revenue growth, down 18.4 percent and 22.1 percent respectively over the same period last year. In analyzing the main reason for slowing of the growth of fiscal revenue, the Treasury said: First, the significant downturn in economic growth has slowed, leading to increase in value added tax, sales tax, import tax and enterprise income taxes. Second, prices rose significantly come down in the first quarter, the CPI rose 3.8 percent, down 1.2 percentage points over the same period last year; the PPI dropped 7 percentage points. Third, structural tax cut policy, leading to the relevant tax revenue.

Up by a substantial drop in fiscal revenue Apple Keyboard sony vaio replacement parts">Sony Parts Replacement growth, the pace of fiscal spending go far greater. The data show that in the first quarter of this year, National expenditures totaled 2.411805 trillion yuan, 606.448 billion yuan more than last year, an increase of 33.6%.