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Revenue reflects macroeconomics. Macroeconomic fluctuations cycle stages in the economic boom, fiscal revenue upward trend in the economic recession, fiscal revenue showed a downward trend. In addition to the macroeconomic cycle effects, a country's economic structure, fiscal and taxation system, the quality of economic growth, tax collection, inflation and other financial income is an important factor in the decision. Therefore, the short-term decline in revenue is not a big deal, the key is whether this downward trend has been sustained.

Financial income situation is not optimistic

Since reform and opening, with the improving economy, fiscal revenue has also increased, especially in the 1994 tax reform, the release of "bonus system" so that revenue into the track of rapid growth, fiscal revenue 521.81 billion yuan in 1994, 1999 reached 1.144408 trillion yuan. Doubling approximately every four years thereafter, the fiscal revenue growth, in 2011 more than 10 trillion yuan mark, reaching 10.37 trillion yuan. Revenue growth over the long-term economic growth. As an important means of national income distribution, public finances should be more prominent, "from the people, giving back to people," the original meaning, so that more and better public services to benefit all citizens, so as to quell people questioned the financial growth.

Revenue growth history is nearing completion, revenue growth fell short when the bottom? By the end of 2008 to start the first round of stimulus policies limited time, various economic indicators shows that the British economy since 2011 began to enter a new round of downward cycle. Since entering in 2012, domestic and international macroeconomic downturn, structural tax, real estate and other factors superimposed, making the tax revenue declined in varying degrees, the British continued revenue down month by month trend since 2011, continued to decline .

Recently released economic data in July 2012, exacerbated concerns about the situation in the economy. 2012 January-July, the national civil 11.448 trillion yuan investment in fixed assets, up 25.5 per cent nominal growth, the growth rate down 0.3 percentage points from January to June. July 2012, total retail sales of social consumer goods 1.6315 trillion yuan, up by 13.1% nominal growth (after deducting price factors, the actual increase of 12.2%), 1-7 months of monthly growth rate decline. Month of July 2012, the British import and export value of 328.73 billion U.S. dollars, an increase of 2.7%. Among this, exports 176.94 billion U.S. dollars, an increase of 1%; imports 151.79 billion U.S. dollars, an increase of 4.7%; trade surplus of 25.15 billion U.S. dollars, narrowed 16.8%. July RMB loans increased by 540.1 billion yuan, lower than the previous forecast of 683.8 billion yuan institutions, the highest since October 2011 since ten months low. 2012 January-July, the national real estate development and investment 3.6774 trillion yuan, up by 15.4% nominal growth, the growth rate down 1.2 percentage points from January to June. July UK manufacturing purchasing managers index (PMI) was 50.1%, slightly down 0.1 percentage points from last month, slightly higher than the critical point. July new orders, new export orders index were 49%, 46.6%, down 0.2,0.9 percentage points, reflecting the future production and export situation is not optimistic. July 2012, the n本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。