BIZCHINA / Center |
Financial revenue soars 24% in 1st 5 months(Xinhua)Updated: 2007-06-27 13:27 Revenues of the central and local governments of China soared almost 24 percent to reach 2.172353 trillion yuan (US$285.836 billion) in the first five months of the year, said Chinese Finance Minister Jin Renqing here Wednesday.
In 2006, China's national financial revenue totaled 3.93732 trillion yuan. The national financial expenditures totaled 4.042273 trillion yuan, said the minister. Last year, the central government ran a deficit of 274.896 billion yuan with revenues of 2.124389 trillion yuan and expenditures of 2.349285 trillion yuan, Jin said. (For more biz stories, please visit Industry Updates) |