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May 12, 2010

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Home » Business » Economy

Fiscal revenue up

CHINA'S fiscal revenue increased 34.4 percent in April on year to 792.6 trillion yuan (US$116.03 trillion), boosted by rises in tax revenues and domestic prices, the Ministry of Finance said yesterday.

The rise was also a result of less consumption tax in the same period last year, the ministry said in a statement on its Website.

The government took in 2.76 trillion yuan in revenue in the first four months of this year, up 34.1 percent from a year earlier, the ministry said.



 

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