China's fiscal revenue to increase by 1 trln yuan this year

时间：2007-10-24 03:31:06

（单词翻译:单击）

Chinanews, Beijing, Oct 23 – China's fiscal1 revenue is expected to increase by one trillion yuan this year. However, China's fiscal deficit2 will not be offsetted by such a rapid growth in fiscal revenue for the present, said Jia Kang, director of the Financial Science Research Institute under the Ministry3 of Finance.

 

He made the statement when attending the China Macro Economic Forum4 for the Autumn Season held in Shanghai. The forum was jointly5 held by the Financial Research Institute under the Chinese Academy of Social Sciences and the Shanghai Municipal Government Development Research Center, the Shanghai Securities Journal reported.

 

During the first half of this year, China's fiscal revenue increased by 600 billion yuan. Five major factors had contributed to the growth: (1) commodity prices rose in China this year; (2) some of the revenue increase was boosted by revenue gains in the second and tertiary industries; (3) China's trade volume had also played a role in fiscal revenue increase (in China, trade volume usually contributes to about 30% of the fiscal revenue every year); (4) China's fiscal revenue increase resulted from a greater efficiency; (5) there were many aspects where the current fiscal revenue collection work hadn’t covered and yet ought to cover. However, to further strengthen the revenue collection work, China needs to add more input6 to it. At present, China's fiscal deficit will display the structural7 problem as it is now. In future, China will try to solve this structural problem by adding input in some industrial sectors8 to boost their development and decrease the input in other industrial sectors. However, for the next few years, fiscal deficit will remain, although the amount will decrease year on year, Jia noted9.

 

Although economic growth had reached 11.5% for the first half of the year and might touch 11% during the second half, Jia stressed that China had not entered into a period where economy became overheated and there was an overall inflation. While economic growth rate remains10 high for the present, there are no signs that such high economic growth will fall in future. With proper government measures, it can be expected that the period in which China maintains a high economic grow will be extended, said Jia.

 
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1 fiscal agbzf     
adj.财政的，会计的，国库的，国库岁入的
参考例句：
  • The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
  • The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。
2 deficit tmAzu     
n.亏空，亏损；赤字，逆差
参考例句：
  • The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
  • We have a great deficit this year.我们今年有很大亏损。
3 ministry kD5x2     
n.(政府的)部；牧师
参考例句：
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
4 forum cilx0     
n.论坛，讨论会
参考例句：
  • They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
  • The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。
5 jointly jp9zvS     
ad.联合地，共同地
参考例句：
  • Tenants are jointly and severally liable for payment of the rent. 租金由承租人共同且分别承担。
  • She owns the house jointly with her husband. 她和丈夫共同拥有这所房子。
6 input X6lxm     
n.输入(物)；投入；vt.把(数据等)输入计算机
参考例句：
  • I will forever be grateful for his considerable input.我将永远感激他的大量投入。
  • All this information had to be input onto the computer.所有这些信息都必须输入计算机。
7 structural itXw5     
adj.构造的，组织的，建筑（用）的
参考例句：
  • The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
  • The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。
8 sectors 218ffb34fa5fb6bc1691e90cd45ad627     
n.部门( sector的名词复数 )；领域；防御地区；扇形
参考例句：
  • Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
  • Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》
9 noted 5n4zXc     
adj.著名的，知名的
参考例句：
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。
10 remains 1kMzTy     
n.剩余物，残留物；遗体，遗迹
参考例句：
  • He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
  • The remains of the meal were fed to the dog.残羹剩饭喂狗了。

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