Government revenue hits 787.9b yuan
By Zhang Fengming |
July 16, 2010, Friday
|
Print Edition
Print Edition
CHINA'S fiscal revenue increased 15 percent year on year in June, the Ministry of Finance said yesterday.
Fiscal revenue rose to 787.9 billion yuan (US$116.2 billion) last month with growth slowing compared to May, the ministry said on its website.
The slower growth was attributed to the relatively high comparative basis last year.
Fiscal revenue growth has dropped the past three months.
In June, fiscal expenditure increased 26.8 percent year on year to 812 billion yuan.
In the first half, fiscal revenue grew 27.6 percent year on year to 4.3 trillion yuan.
The economy grew 11.1 percent in the first half as economic activity picked up on government stimulus measures and the waning of the global financial crisis.
Industrial output and fixed-assets investment gained momentum in the period.
Tax income from companies, individuals, consumption and business rose in the first half.
Corporate income tax gained 18.5 percent on year to 808 billion yuan. Individual income tax added 22 percent to 262.5 billion yuan from a year ago.
Fiscal expenditures rose to 3.38 trillion yuan in the first half, up 17 percent from a year ago.
Fiscal revenue rose to 787.9 billion yuan (US$116.2 billion) last month with growth slowing compared to May, the ministry said on its website.
The slower growth was attributed to the relatively high comparative basis last year.
Fiscal revenue growth has dropped the past three months.
In June, fiscal expenditure increased 26.8 percent year on year to 812 billion yuan.
In the first half, fiscal revenue grew 27.6 percent year on year to 4.3 trillion yuan.
The economy grew 11.1 percent in the first half as economic activity picked up on government stimulus measures and the waning of the global financial crisis.
Industrial output and fixed-assets investment gained momentum in the period.
Tax income from companies, individuals, consumption and business rose in the first half.
Corporate income tax gained 18.5 percent on year to 808 billion yuan. Individual income tax added 22 percent to 262.5 billion yuan from a year ago.
Fiscal expenditures rose to 3.38 trillion yuan in the first half, up 17 percent from a year ago.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
