China's fiscal revenue tops 6.13 trln yuan last year

Source: Xinhua | June 24, 2009, Wednesday |

Online Edition

CHINESE Finance Minister Xie Xuren said today that the government's fiscal revenue reached about 6.13 trillion yuan (US$900 billion) last year, 1 trillion yuan or 19.5 percent more than 2007.

Xie revealed the figure in a report on last year's fiscal situation to the ninth session of the Standing Committee of the 11th National People's Congress (NPC), China's top legislature.

He said the outstanding national debt reached 5.3 trillion at the end of last year, which was within the 5.5-trillion limit in the annual budget.

The fiscal revenues in the first five months this year reached 2.7 trillion yuan, down 6.7 percent over the same period last year, Xie said.

In the first five months, fiscal expenditure nationwide amounted to almost 2.25 trillion yuan, up 488.7 billion yuan or 27.8 percent over the same period last year, accounting for 30.7 percent of the budgeted figure.

Economy

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China's fiscal revenue tops 6.13 trln yuan last year

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