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China Nov. fiscal revenue up 22 percent

Dec. 11, 2012 at 5:17 AM   |   Comments

BEIJING, Dec. 11 (UPI) -- China's finance ministry Tuesday reported November fiscal revenues rose 21.9 percent year-on-year to $125.12 billion.

November fiscal expenditures rose 6.7 percent to $195.7 billion.

The ministry said November tax revenues, the main source of government income, rose 21.1 percent $108.2 billion, the official Xinhua News Agency reported.

Fiscal revenues in the first 11 months of this year totaled $1.75 trillion, the ministry said. Fiscal expenditures in the same period were $1.68 trillion.

For all of 2011, China's fiscal revenues amounted to $1.64 trillion.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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