The growth rate of fiscal revenue continues to fall

On October 18, the Ministry of Finance held a press conference on the fiscal revenue and expenditure in the first three quarters. "Daily Economic News" reporter noted that with the gradual release of the effect of tax reduction and fee reduction, the growth rate of fiscal revenue continued to fall, with growth rates of 6.1%, 4%, and 2% in July, August, and September, respectively. The domestic VAT growth rate in September has turned from negative to negative, down 1.2%. In the future, the burden on Chinese enterprises and individual residents will be further reduced. Yuan Haijun, deputy inspector of the Ministry of Finance and Taxation of the Ministry of Finance, said that the operational documents for improving the export tax rebate policy will be issued in the near future. At present, the specific measures for the special deduction of personal income tax are being researched and formulated. The relevant departments…