China tax cuts to squeeze local govt budgets this year
Published Thu, Mar 7, 2019 · 03:08 AM
[BEIJING] China's finance minister warned on Thursday that some local governments will face more budgetary pressure this year amid a slowing economy and more tax cuts planned by the central government.
Some regions have already had difficulties paying salaries, maintaining operations and social security, finance minister Liu Kun told a news conference on the sidelines of an annual parliamentary meeting in Beijing.
REUTERS
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