China's 2009 Fiscal Revenue Tops 6.85t Yuan-Shanghai Metals Market

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China's 2009 Fiscal Revenue Tops 6.85t Yuan

SMM Insight 05:34:57PM Jun 23, 2010 Source:SMM

BEIJING, Jun. 23 -- Chinese Finance Minister Xie Xuren said on Wednesday that the country's fiscal revenue exceeded 6.85 trillion yuan ($1.006 trillion) last year, 718.795 billion yuan or 11.7 percent more than 2008.

Xie revealed the figure in a report on last year's fiscal situation to the 15th session of the Standing Committee of the 11th National People's Congress (NPC), China's top legislature.

The central government expenditures exceeded revenue last year, resulting in a fiscal deficit of 750 billion yuan, according to Xie.
 

Key Words:  fiscal revenue  

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China's 2009 Fiscal Revenue Tops 6.85t Yuan

SMM Insight 05:34:57PM Jun 23, 2010 Source:SMM

BEIJING, Jun. 23 -- Chinese Finance Minister Xie Xuren said on Wednesday that the country's fiscal revenue exceeded 6.85 trillion yuan ($1.006 trillion) last year, 718.795 billion yuan or 11.7 percent more than 2008.

Xie revealed the figure in a report on last year's fiscal situation to the 15th session of the Standing Committee of the 11th National People's Congress (NPC), China's top legislature.

The central government expenditures exceeded revenue last year, resulting in a fiscal deficit of 750 billion yuan, according to Xie.
 

Key Words:  fiscal revenue