China's 2010 fiscal revenue to exceed 8 trillion yuan

08:41, December 24, 2010      

Email | Print | Subscribe | Comments | Forum 

In 2010, China's tax income is expected to amount to 7.7 trillion yuan ($1.16 trillion), and added with non-tax incomes, the country's fiscal revenue paddles to exceed 8 trillion yuan ($1.2 trillion), according to a Caijing report Wednesday.

According to previous data from the Ministry of Finance, in the first 11 months of the year, the country's non-tax revenues reached 840.82 billion yuan ($126.53 billion). During the same period, fiscal revenues had pegged at 7.67 trillion yuan ($1.15 trillion), 281 billion more than the target set for the whole year.

During the eleventh-five-year plan, China's fiscal revenue saw an annual growth of 1 trillion yuan ($150.48 billion) on average, a pace faster than the gross domestic product's.

Mao Yushi, president of Unirule Institute of Economics, said that citizens pay taxes so governments are able to ameliorate public services for them. However, since 2000, the tax income has gained weight, while the purpose to which it serves (improve public services) has not seen much.

In April this year, the Forbes magazine released the global 2009 Tax Misery Index, where China ranked in the second position.

Source: Global Times
  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Focus On China
  • Shanghai World Expo 2010
Major headlines
Editor's Pick
  • How much weight does Jennifer Hudson lose?
  • Black headed gulls visit Kunming to spend winter
  • Two bomb explosions injure two at embassies in Rome
  • DPRK military says prepared to launch a sacred war
  • Miss Christmas model competition held in Yangon
  • Black headed gulls visit Kunming to spend winter
Hot Forum Dicussion