October revenue increase 7.5% Securities trading stamp duty drop 57.2%

The Ministry of Finance 13th released data showed that the first 10 months of the national revenue achieved 7.5% growth, is gradually approaching the year's established 8% budget growth targets. October, the national revenue of 684.493 billion yuan, increased by 151.598 billion yuan in the same month last year, an increase of 28.4%.　　January-October, the stock exchange stamp duty fell 57.2%.　　The Ministry of Finance said that revenue growth this month is faster, in addition to economic stability rebound led to the relevant tax growth, mainly by last October, the lower base of revenue, the oil tax reform this year after the consumption tax increase and other factors. January-October Cumulative, the national revenue of 5,836,380,000,000 yuan, compared with the same period last year, increased 408.799 billion yuan, an increase of 7.5%. Among them, the central level income of 3,133,023,000,000 yuan, an increase of 4.9% per cent, local income of 2,703,357,000,000 yuan, an increase of 10.8%.　　Revenue tax revenue of 5,131,765,000,000 yuan, an increase of 4.7% per cent, non-tax income of 704.615 billion yuan, an increase of 33.8%. The Ministry of Finance said that the first 10 months, the national fiscal revenue is gradually rebound trend. Income fell sharply in January-April, affected by slowing economic growth, declining corporate profits and a lot of structural tax cuts.　　Since May, income has gradually rebounded, especially after August due to the same period last year, the lower base, the monthly income growth corresponding increase. In addition, in October, the national financial expenditure of 468.326 billion yuan, increased by 54.009 billion yuan in the same month last year, an increase of 13%.　　January-October Cumulative, the national financial expenditure of 4,988,604,000,000 yuan, compared with the same period last year, increased by 931.473 billion yuan, an increase of 23%. "In recent months, revenue from each month is getting closer to budget targets," he said. As long as there is no special case, there should be no problem in achieving the budget growth goal.　　"Bai Jingming, deputy director of Treasury finance, said. Zhang Bin, a researcher at the Institute of Finance and Economics of the Academy of Social Sciences, also said tax revenue is a big influence on fiscal revenues and a real reflection of economic performance. In addition to the macro-economic situation, the factors affecting tax revenue this year include the temporary factors of tax changes such as VAT transformation, tobacco tax adjustment and fuel tax reform. These factors offset each other and collectively affect tax revenue.　　At present, China's economy is on the rebound, revenue from negative positive, and maintain a relatively stable, to achieve the 8% growth target is not a big problem. "The rapid recovery of national revenue growth, the high growth of local fiscal revenue has played a major role, while the central level of fiscal revenue due to the national stimulus package of the impact of a relatively large, slow growth."　　"Bai Jingming said. Bai Jingming said that at present from a single month situation, it is difficult to judge the annual fiscal deficit, but it can be sure that next year China's fiscal revenue and expenditure contradictions will be further acute, especially at the central level of spending pressure will increase.