Revenues of the central and local governments of China soared
almost 24 percent to reach 2.172 trillion yuan (US$285.83 billion)
in the first five months of the year, said Chinese Finance Minister
Jin Renqing Wednesday.
Central government revenue reached 1.221 trillion yuan, up
298.345 billion yuan year-on-year, while local government revenues
reached 951.426 billion yuan, up 210.912 billion yuan, Jin said in
his report to the Standing Committee of the National People's
Congress this morning.
In 2006, China's national financial revenue totaled 3.937
trillion yuan. The national financial expenditures totaled 4.042
trillion yuan, said the minister.
Last year, the central government ran a deficit of 274.896
billion yuan with revenues of 2.124 trillion yuan and expenditures
of 2.349 trillion yuan, Jin said.
(Xinhua News Agency June 27, 2007)