Reason analysis of June annual revenue increase: cigarette consumption tax increase

Xinhua Beijing, July 13, according to China's Ministry of Finance website News that, from the first half of the trend, the first 4 months of the national revenue fell 9.9%, May growth of 4.8%, June growth of 19.6%, the income growth in the past two months gradually rebounded.　　The analysis points out that increasing cigarette consumption tax also increases some income. Sources said that June, the national revenue of 686.747 billion yuan, compared with the same month last year, an increase of 112.365 billion yuan, an increase of 19.6%. Among them, the central level income of 348.684 billion yuan, an increase of 15.9% per cent, local income of 338.063 billion yuan, an increase of 23.5%. The first half, the national revenue of 3,397,614,000,000 yuan, the same period last year, reduced 83.205 billion yuan, down 2.4%. Among them, the central level income of 1.7704 trillion yuan, down 9.4%, the local income of 1,627,214,000,000 yuan, an increase of 6.6%.　　Revenue tax revenue of 2,953,007,000,000 yuan, down 6%; non-tax income of 444.607 billion yuan, an increase of 31.4% per cent. The news pointed out that the increase in revenue monthly, one is the economic operation of some positive changes in the business tax and other related taxes are reflected; second, in 5 June to clean up and pay the last year's arrears of income increase some one-time income, non-tax income also increases correspondingly Third, the implementation of oil and tax reform to improve the consumption of oil products to replace the highway road maintenance fees and other six charges and the increase in oil sales in recent months led to a substantial increase in consumption tax, increase cigarette consumption tax also increase part of the income; The recent increase in revenue has rebounded to a considerable extent because of the increase in the transfer of consumption tax after the reform of the oil products tax and some one-off income increase, the foundation of the sustained growth of fiscal revenue is not firm, and the annual fiscal balance is still outstanding.