Faster rise in fiscal revenue in April
Print Edition
CHINA’S fiscal revenue rose faster last month while real estate-related tax income fell amid a cooler property market, the Ministry of Finance said yesterday.
Comprising central and local governments’ revenue, China’s fiscal revenue climbed 9.2 percent year on year in April to 1.25 trillion yuan (US$200 billion), the ministry said.
That compared with a 6.2 percent annual gain in April last year.
Meanwhile, the real estate developers paid 4.2 percent lower tax income in April from a year ago as home sales fell, the ministry said.
In the first four months, China’s fiscal revenue rose 9.3 percent year on year to 4.75 trillion yuan. The central government revenue totaled 2.14 trillion yuan, up 7 percent, and local government revenue was 2.62 trillion yuan, up 11.3 percent.
Local government revenue grew slower in the first four months of this year on lower real estate and land-related taxes, the ministry said.
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