ABSTRACT
The unexpected severe acute respiratory syndrome (SARS) impacts China's economic and social development, it also challenges the operation of fiscal revenue and expenditure. In order to deal with this challenge, financial and tax sectors adopted various countermeasures. Two clues are important for analyzing the influence of SARS on fiscal revenue. The first one is that the negative influence of SARS on economic growth will be transferred to tax revenue, and it will cause the decrease of fiscal revenue. The other one is that various temporary tax preference measures aiming to deal with the impact of SARS will decrease fiscal revenue directly. However, people realize that SARS this time reflects not only weak ability to deal with a public health emergency, but also less investment in the public health system and public health security. The government plans to issue treasury bonds totaling 640.4 billion Yuan, including 319.8 billion Yuan to fill up the deficit.
