Home Page | Photos | Video | Forum | Most Popular | Special Reports | Biz China Weekly
Make Us Your Home Page
China
Most Searched: Two sessions  CPPCC  NPC  Xi Jinping   Spring Festival  

China's Q1 fiscal revenue up 9.3%

English.news.cn   2014-04-17 19:36:46

BEIJING, April 17 (Xinhua) -- China's fiscal revenue climbed 9.3 percent year on year in the first quarter of 2014 to reach 3.5 trillion yuan (568.71 billion U.S. dollars), the Ministry of Finance (MOF) said on Thursday.

Central government revenue stood at 1.55 trillion yuan, up 6.4 percent year on year. Local government revenue stood at 1.95 trillion yuan, up 11.8 percent from the same period last year, the MOF said.

However, last month saw a year-on-year decline of 1.4 percent in central fiscal revenue as a result of slowing economic growth and increasing export tax rebates, according to the MOF.

The country's fiscal expenditure in the first three months rose 12.6 percent from the same period last year to 3.04 trillion yuan, the ministry said.

From January to March, double-digit expenditure growth was realized in agriculture, forestry, water conservancy, social security, employment, medical care and education.

Editor: Zhu Ningzhu
分享
Related News
Home >> China            
Most Popular English Forum  
Top News  >>
Photos  >>
Video  >>
Top China News Latest News  
  Special Reports  >>
010020070750000000000000011100001332709321