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December 12, 2009

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CHINA'S fiscal revenue for November reached 502.93 billion yuan (US$73.64 billion), a jump of 32.6 percent year on year, the Ministry of Finance announced yesterday.

Its overall fiscal revenue in the first 11 months topped 6.34 trillion yuan, up 9.2 percent year on year, the ministry said on its Website.

Of the total fiscal revenue for November, the central government collected 273.47 billion yuan, up 34 percent year on year, while local governments collected 229.46 billion yuan, a rise of 31 percent annually.

The ministry attributed the rise in fiscal revenue to the growing economy, which had boosted tax collection, the low basis figures of last year and the higher tax receipts after reforming oil tax and fees.

Of the total fiscal revenue for the first 11 months, the central government collected 3.41 trillion yuan, up 6.7 percent year on year.


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