| Author: | Yan, Kun |
| Title: | The state revenue: an analysis of the operation in 1998 and prospects for 1999 (original in Chinese) |
| Journal: | Economics Information (c)
1999 : 1, p.25-28 |
| Index terms: | PUBLIC FINANCE TAXATION PRICE LEVEL CHINA ECONOMIC PERFORMANCE |
| Language: | chn |
| Abstract: | Affected by the financial crisis in Southeast Asia, scant domestic demand, poor business performance and natural calamity, the growth of GDP decelerates. In the first half of the year 1998 the GDP is 3470 billion yuan, an increase of 7 percent over the same period of last year. The fiscal revenue has also been affected and the main items of taxation become sluggish. In the first half of the year, the central fiscal revenue tempo reduced by 4.1 percent. From January to the end of June the total State fiscal revenue is 425.8 billion yuan, an increase of 920 million over the same period of last year. if the price level is calculated at 5 percent in 1999, the fiscal revenue in 1999 is expected to increase by 10 percent over the same period of last year. |
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