The State Council said on Monday in a document that starting from Jan 1, the individual taxable income of such parents can be reduced by a total of 1,000 yuan ($156) per month for each baby.
The proposed lowering of the deficit-to-GDP ratio to 2.8 percent for this year will make fiscal spending more sustainable, and will not weaken the country's intensity of fiscal spending, political advisers and experts said on Thursday.
The proposed lowering of the deficit-to-GDP ratio to 2.8 percent for this year will make fiscal spending more sustainable, and will not weaken the country's intensity of fiscal spending, political advisers and experts said on Thursday.
The proposed lowering of the deficit-to-GDP ratio to 2.8 percent for this year will make fiscal spending more sustainable, and will not weaken the country's intensity of fiscal spending, political advisers and experts said on Thursday.