BEIJING: China's fiscal revenues rose 10.7per cent in 2021 from a year earlier to 20.25 trillion yuan , Vice Finance Minister Xu Hongcai said on Tuesday.
Fiscal expenditures rose 0.3per cent in 2021 from a year earlier to 24.63 trillion yuan, Xu told a news conference.The government will unveil greater tax and fee cuts in 2022 in response to the downward pressure on the economy, Xu said. The central government will boost its transfer payments to local governments to help ease their fiscal strains and deliver the planned tax and fee cuts, he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Encouraging signs of recovery’ even as Singapore’s tourism sector hits new lows in 2021: STBSINGAPORE: Singapore’s tourism numbers hit new lows in 2021, but there have been “encouraging signs of recovery” amid the introduction of vaccinated travel lanes (VTLs) and strong domestic consumption, said the Singapore Tourism Board (STB) on Tuesday (Jan 25). In 2021, there were 330,000 visitor arr meriton is corrupting Valencia PeterLim is the worst owner in football LimGoHome Yeah, there will be more signs of recovery when you increase your tax.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
South Korea's GDP growth at 11-year high in 2021 as exports boomSEOUL: South Korea\u0027s economy expanded at the fastest pace in 11 years in 2021 thanks to record exports, though a slowdown in capital investment cast a cloud over the outlook for growth this year. Tuesday\u0027s (Jan 25) data from the Bank of Korea showed gross domestic product (GDP) expanded 4.0 per cent i
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Thai domestic car sales drop 4.2per cent in 2021, seen higher this yearBANGKOK : Domestic car sales in Thailand fell 17.2per cent in December from a year earlier and dropped 4.2per cent in the whole of 2021, due to coronavirus outbreaks and a shortage of microchips, the Federation of Thai Industries (FTI) said on Monday.Car sales totalled 86,145 units in December and 759,119
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Cathay Pacific to post narrower-than-expected 2021 annual lossHong Kong\u0027s Cathay Pacific Airways said on Monday (Jan 24) that it expected to post a narrower-than-expected HK$5.6 billion (US$719.05 million) to HK$6.1 billion annual loss for 2021 but that cash burn was rising because of stricter quarantine measures. The forecast loss compared with the average HK$10.2 b
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US Navy pilot ejects, 7 hurt in F-35 South China Sea 'landing mishap'WASHINGTON: Seven US Navy sailors were hurt on Monday (Jan 24) when an F-35C warplane had a \u0022landing mishap\u0022 on the deck of the aircraft carrier USS Carl Vinson in the South China Sea and the pilot ejected, the US Navy said. A navy statement said the incident happened during \u0022routine flight operations Bootless technology! Twice subs incidents to unknown objects now this...unending issues! 杀人工具。 This is karma! God is watching who is invading and kill people.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Can the big cats survive the human assault?: China Daily contributor
Source: STForeignDesk - 🏆 4. / 71 Read more »