Top News
Beijing's new tax, fees reductions reach 40 bln yuan in 2018
Last Updated: 2019-01-07 09:23 | Xinhua
 Save  Print   E-mail

Beijing's new tax and fees reductions reached about 40 billion yuan (about 5.8 billion U.S. dollars) in 2018, according to statistics released by the city's finance bureau on Sunday.

The city's general public budget revenue was 578.59 billion yuan last year, up 6.5 percent, according to the bureau.

Beijing has provided extra financial and policy support for its private businesses, including tax reductions, government procurement, funds, public-private partnership (PPP), guarantees and interest subsidies.

For example, 109 PPP projects have been included in a management system of the country's Ministry of Finance, with a total investment of 255.35 billion yuan. Funds invested by the municipal government have attracted 201.3 billion yuan of public capital last year.

As Beijing continues its financial reform, it also attaches great importance to risk control and financial security by improving its management of government debt and increasing public oversight of its annual budget.

Share to 
Related Articles:
  • Sports
  • Soccer
  • Basketball
  • Tennis
  • Formula One
  • Athletics
  • Others
  • Entertainment
  • Celebrity
  • Movie & TV
  • Music
  • Theater & Arts
  • Fashion
  • Beauty Pageant
About | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved
Beijing's new tax, fees reductions reach 40 bln yuan in 2018
Source:Xinhua | 2019-01-07 09:23
Share to