China sure of meeting fiscal budget goals

Balance key objective despite pressure from tax and fee cuts, says minister

China will be able to achieve its annual fiscal budget goals, although the unprecedented $281 billion tax and fee cut plan will constrain income, a top government official said on Tuesday.

Finance Minister Liu Kun said the central government income is slated to increase by 5.1 percent this year from a year earlier, and has already logged a growth of 3.5 percent so far.