Latest News:  
Beijing   Cloudy    2 / -5   City Forecast

People's Daily Online>>China Business

China's Jan-Nov fiscal revenue reached $1.54 trillion

(Global Times)

14:05, December 13, 2011

China's fiscal revenue from January to November of this year went up 26.8 percent year-on-year to 9.73 trillion yuan ($1.54 trillion) while its fiscal expenditure increased from 24.3 percent to 8.9 trillion yuan, the Ministry of Finance said in a statement on Sunday.

Revenue in November reached 645.73 billion yuan, up 10.6 from the same period last year with 558.21 billion yuan collected from taxes, up 2.7 percent year-on-year, according to the ministry. The growth pace in November decelerated to 6.3 percentage points in October.

The ministry attributed the slowdown to the moderation of economic growth, higher exemption threshold for personal income taxes, declining car and property purchases, and increasing export tax rebates.

The value-added tax revenue climbed to 2.9 percent year-on-year in November, which was weaker than the figure from October. Revenue from property sales taxes dropped 6.5 percent year-on-year in November.

Personal income tax revenue in November dipped 8.2 percent, after the country raised the monthly exemption threshold for personal income taxes from 2,000 yuan to 3,500 yuan starting in September.

The ministry also said China's fiscal expenditure increased 7.5 percent year-on-year to 1.14 trillion yuan in November.

 
 
 
 
We Recommend
 
 
 

Email|Print|Comments(Editor:燕勐)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Nearly 9 years on, US withdraws from Iraq

  2. 1st twin giraffes celebrate birthday

  3. Scuba divers welcome bowmouth guitarfish at aquarium in Hungary

  4. Consumers throng to shops for coming Christmas in Rio

Most Popular

Opinions

  1. Risks behind India's military buildup
  2. 2011: Year of government micro-blogs
  3. Chance of RMB devaluation small
  4. Narrow vision limits China's discourse power
  5. Dubai chasing Singapore's strictness with violations
  6. Too early to loosen China's property controls
  7. Do not let disputes taint Sino-Korean ties
  8. The natural way to pick your stocks
  9. China must retain its strengths as it goes global
  10. Canada's short-sighted move should be denounced

What's happening in China

2nd Airbus A380 arrives in Beijing

  1. Property prices in big cities declining
  2. More Chinese cities see housing price decline
  3. Drought snags shipping on rivers in S China
  4. Gas explosion kills 9 in central China coal mine
  5. Beijing reaches annual "blue sky days" target

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance