China’s Fiscal Revenue in August, 2009
China’s fiscal revenue rose 36.1% in August
News on September 11: In August, China’s fiscal revenue rose 36.1% over the same month last year, which reached 523.75 billion yuan (equals to 76.68 billion U.S. dollars), the Ministry of Finance announced on Friday. This was the fourth month that China’s monthly fiscal revenue rose.
However, the Ministry of Finance claimed that, although China’s fiscal revenue rose for four consecutive months, China was still facing great fiscal pressures under the financial crisis.
China’s fiscal revenue in April fell 13.6%, while expenditure increased 24.5%, tension between revenue and expenditure has been further highlighted
Ministry of Finance statistics show that China’s fiscal revenue in April was 589.715 billion yuan, which reduced the 92.773 billion yuan compared with the same month last year, down 13.6%. Among them, the central income was 294.074 billion yuan, down 25.2 percent; the local revenue was 295.641 billion yuan, an increase of 2.2%.
At the same time, the financial expenditure was 507.805 billion yuan, which increased 99.961 billion yuan compared with the same month last year, an increase of 24.5%. Among them, the central expenditure was 116.125 billion yuan, an increase of 25.3%; local expenditure was 391.68 billion yuan, an increase of 24.3%.
In the first quarter: fiscal revenue reaches 1.46 trillion yuan, which decreased 8.3 percent year-on-year
The afternoon of April 13 News: the Ministry of Finance news site announced today the first quarter of fiscal 2009 revenues and expenditures. Statistics show that in the first quarter, China has 1.46 trillion yuan of fiscal revenue, which decreased 8.3 percent year-on-year; National financial expenditure reaches 1281.092 billion yuan, which increase 330.418 billion compared with the same period last year , an increase of 34.8%.
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