China sees fiscal revenue rise in 2009
Source: Xinhua |
January 11, 2010, Monday
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Print Edition
Print Edition
CHINA'S 2009 fiscal revenue was estimated at 6.85 trillion yuan (US$1 trillion), a rise of 11.7 percent from a year ago, Finance Minister Xie Xuren said yesterday.
Xie said the public investment budget in 2010 from the central government was likely to stand at 992.7 billion yuan, up 572.2 billion yuan from the 2008 budget.
With it, the Chinese central government would fulfill the target of adding 1.18 trillion yuan for public investment between the fourth quarter of 2008 and 2010, Xie said in Beijing.
It is estimated that in 2009, the central government allocated about 924.3 billion yuan on public spending, up 503.8 billion yuan from the 2008 budget, Xie said.
China rolled out a 4 trillion yuan investment package in November 2008 to cope with the international financial crisis, with 1.18 trillion yuan coming from the central government and 2.82 trillion yuan from local governments.
It is believed that as new investment on public projects in 2009 beat the original budget of 487.5 billion yuan, the budget for 2010 was reduced from the original 588.5 billion yuan to 572.2 billion.
The central government's allocation included 104 billion yuan in the fourth quarter of 2008, 487.5 billion yuan in 2009 and 588.5 billion yuan in 2010.
Xie said the public investment budget in 2010 from the central government was likely to stand at 992.7 billion yuan, up 572.2 billion yuan from the 2008 budget.
With it, the Chinese central government would fulfill the target of adding 1.18 trillion yuan for public investment between the fourth quarter of 2008 and 2010, Xie said in Beijing.
It is estimated that in 2009, the central government allocated about 924.3 billion yuan on public spending, up 503.8 billion yuan from the 2008 budget, Xie said.
China rolled out a 4 trillion yuan investment package in November 2008 to cope with the international financial crisis, with 1.18 trillion yuan coming from the central government and 2.82 trillion yuan from local governments.
It is believed that as new investment on public projects in 2009 beat the original budget of 487.5 billion yuan, the budget for 2010 was reduced from the original 588.5 billion yuan to 572.2 billion.
The central government's allocation included 104 billion yuan in the fourth quarter of 2008, 487.5 billion yuan in 2009 and 588.5 billion yuan in 2010.
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