Jun 24
China’s fiscal revenue exceeded 6.85 trillion yuan (US$1.006 trillion) last year, 718.795 billion yuan or 11.7 percent more than 2008, Xinhua reported, citing Chinese Finance Minister Xie Xuren.
Xie revealed the figure in a report on last year’s fiscal situation to the 15th session of the Standing Committee of the 11th National People’s Congress (NPC), China’s top legislature.
The central government expenditures exceeded revenue last year, resulting in a fiscal deficit of 750 billion yuan, according to Xie.
If you think China Watch Blog's information is useful, click on cup of coffee on left hand side and make a small contribution via PayPal
