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February 6, 2010

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Fiscal revenue

CHINA'S fiscal revenue for December reached 508.4 billion yuan (US$74.45 billion), up 55.8 percent year on year, the Ministry of Finance said yesterday. Of the total, the central fiscal revenue topped 183.1 billion yuan, up 140 percent from December 2008, while local governments collected 325.3 billion yuan, up 30.2 percent, the ministry said in a statement. Overall fiscal revenue last year topped 6.85 trillion yuan, up 11.7 percent from 2008. Meanwhile, fiscal expenditure nationwide grew 17.1 percent year on year to 1.96 trillion yuan in December. Fiscal expenditure rose 21.2 percent year on year to 7.59 trillion yuan in 2009.


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