Caixin
Jul 05, 2013 05:42 PM

Closer Look: What to Do about the Huge Shortfall in Tax Revenue

(Beijing) – Disappointing tax income figures have forced Beijing to shore up its fiscal position by dipping into government savings in the central bank, a move that will undoubtedly unsettle many bureaucrats.

In a meeting on July 3, the State Council emphatically said it will push to use the current pool of fiscal revenue and make better use of government money that has been sitting idle.

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