日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Economy

Finance minister quizzed over growth patterns

By Zheng Yangpeng (China Daily) Updated: 2015-03-07 09:54

Finance minister quizzed over growth patterns

China's Minister of Finance Lou Jiwei?takes questions from journalists at a news conference during the ongoing two sessions in Beijing, March 6, 2015.?[Wang Jing?/ chinadaily.com.cn]

China's slowing revenue growth and rigid spending growth became the focal point of a news conference held by the Finance Ministry on Friday.

Finance Minister Lou Jiwei was confronted on the issue three times by different media outlets, highlighting widespread concern over the topic.

China's general revenue rose by 8.6 percent to 14 trillion yuan ($2.25 trillion) last year, the lowest expansion for 23 years.

At the same time, to withstand downward pressures this year, Lou said, the country "must adopt an appropriately expansionary fiscal policy to prevent the economy from falling off a cliff".

The central government spent 15.2 trillion yuan last year, leaving a deficit of 1.13 trillion yuan, or 1.78 percent of GDP that year. This year, the budget deficit is set to widen to 1.62 trillion yuan, or about 2.3 percent of GDP, the widest since 2009.

Economists asked whether this is adequate to counter the slowdown and safeguard the government's GDP growth target of "around 7 percent".

Lou said the actual budget deficit will be about 2.7 percent of GDP, or 1.83 trillion yuan this year, after incorporating carry-over funds from previous years and budget stabilization funds.

He said local governments are allowed to have a 500 billion yuan deficit this year - up from 400 billion yuan last year - and a 100 billion yuan "special debt". The 600 billion yuan deficit will be addressed by issuing local government bonds.

Lou admitted there is pressure on revenue, which he said could grow at a single-digit rate for a long time, adding that spending growth is "rigid".

"You raised a question that is difficult for me to answer," he said when responding to one journalist. "'Rigid' doesn't mean we cannot adjust. We have cut some unreasonable spending - for example, subsidies on energy-saving products."

However, some observers doubt whether the course of action adopted can fill the gap left by curbs on off-budget capital spending, and expected falls in land sales revenue. Financing arms affiliated with local governments alone sold bonds worth 1.5 trillion yuan last year.

Societe Generale economists Wei Yao and Claire Huang wrote, "An increase of 600 billion yuan planned for on-budget local government debt probably won't offset an off-budget borrowing slowdown, dragging down infrastructure spending growth."

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 2020国产精品视频 | 91第一页 | 91视频久久| 啪啪伊人 | 男女拍拍拍网站 | 日本少妇激情 | 国产成人在线视频播放 | 毛片av网站 | 成年人的视频 | 久热在线视频 | 亚洲精品www | 国产日韩在线观看视频 | 欧美小视频在线观看 | 国产三级福利 | 国产婷婷一区二区 | 中文字幕视频在线播放 | 女人的天堂网站 | 夜夜夜夜操 | 欧美日韩精品一区二区三区四区 | 黄色在线观看国产 | 草草影院欧美 | 亚洲深夜福利视频 | 日韩美女视频一区 | 免费黄色看片 | 国产主播一区二区 | 久久黄色视 | 亚洲特级毛片 | 国产日韩视频在线 | 欧美一级黑人 | 黄色特一级片 | 99视频精品 | 激情图片在线视频 | 黄色一级视频在线观看 | 性色av一区二区三区在线观看 | 色妇网 | 精品久久中文 | 亚洲自拍网站 | 色天天综合 | 天天综合网入口 | 国产视频1区2区 | 亚洲黄色片在线观看 |