Economy
China's fiscal revenue up 34% in Q1
By Zhang Jiawei (chinadaily.com.cn)
Updated: 2010-04-15 17:01
 |
Large Medium Small |
China's fiscal revenue increased 34 percent year-on-year to 1.96 trillion yuan ($287.8 billion) in the first quarter of this year, due to factors such as increasing tax revenue in the continuing economic recovery, the Ministry of Finance said Thursday.
In March alone, China realized 602.3 billion yuan in fiscal revenue, up 36.8 percent from the same period last year.
The central government's fiscal revenue in the first quarter topped 992.8 billion yuan, up 37.6 percent year-on-year; local governments' fiscal revenue was 969.9 billion yuan, up 30.6 percent.
Finance expenditure in the first quarter was 1.43 trillion yuan, up 11.9 percent year-on-year. The figure for the central government was 281.8 billion yuan, up 15.1 percent year-on-year; and for local governments, 1.15 trillion yuan, up 11.1 percent year-on-year.
