and further activate the stock funds

Fiscal revenue growth dropped sharply in May
by the slowdown in economic growth and a drop in real estate boom degrees, from the central to the local fiscal revenue are greatly affected. The Treasury Department yesterday released data show, in May this year, the national finance income is 1367000000000 yuan, than the same month last year, an increase of 92100000000 yuan, up 7.2%, the growth rate fell 2 percentage points from the previous month. At the same time, greatly improve the execution budget, financial expenditure increase, highlighting the role of economic financial stabilizer.

"land finance" compression and atrophy

in May, the central finance income 749400000000 yuan, an increase of 4.5%; local financial revenue (the) 617600000000 yuan, grow 10.7% compared to the same period. The national fiscal revenue tax income 1219000000000 yuan, a year-on-year growth of 6.8%.

from the tax classification data, in May, the proportion accounted for 75% of the value-added tax, an increase of 5.9%, excluding the camp after the transfer income, growth was only 1.1%. The central into ratio of enterprise income tax of 60%, year on year growth of 8.4%, growth fell by 2.1 percentage points, of which the real estate enterprise income tax 53100000000 yuan, drop compared to the same period 2.5%. All the local income tax exclusion camp to increase transfer factor increased to 9.7%. Among them, affected by the decline in real estate sales, real estate sales tax 44300000000 yuan, grow 0.1% only.

the official explanation says, "the first 5 months of fiscal revenue growth, the basic adaptation and economic growth this year situation. A few months after the economy downward pressure still exists, to continue to expand, to increase the pilot, and after the last May revenue base gradually increase and other factors, the fiscal revenue growth are still down pressure".

fiscal spending to accelerate

stimulate economic Cheap Throwback Cardinals Jerseys recovery

according to past experience, in order to safeguard the Cheap Throwback Vikings Jerseys budget and Cheap Throwback Buccaneers Jerseys not overspend, place often favor in the year end stage less money, money concentrated assault. From May this Cheap Throwback Broncos Jerseys year, the situation has changed. The Treasury Department data show, in May, the national fiscal expenditure 1279000000000 yuan, than the same month last year, an increase of 252400000000 yuan, up 24.6%, 1 to May accumulative total spending of 5263200000000 yuan, a year-on-year growth of 12.9%, compared with 1 in April to improve the growth rate 3.3 percentage points.
Speed up the
spending accelerated from the central government formulated invigorated the stock funds, policies to promote Cheap Throwback Redskins Jerseys economic growth. Last July, the Ministry of Finance issued a notice, urged all localities to speed up the progress of public finance budget implementation, and further activate the stock funds, improve efficiency in the use of fiscal funds. After the first quarter of this year, growth situation greater downward pressure again, fiscal funds to speed up the expenditure in this context is very timely.

in spite of this, the Ministry of Finance recently pointed out in the implementation of the budget.