Statistics

China's fiscal revenue rises 27% in April

(Xinhua)
Updated: 2011-05-11 16:49

BEIJING -- China's Ministry of Finance said on Wednesday that the country's fiscal revenue rose 27.2 percent year-on-year to 1 trillion yuan ($154 billion) in April.

The growth rate climbed slightly from 26.7 percent in March, but eased from the 36 percent increase in the first two months of this year when surging imports boosted fiscal revenue, the ministry said in a statement on its website.

The growth of fiscal revenue is expected to continue to slow down in the following months, it added.

In April, the central government collected 521.4 billion yuan and local governments gathered the rest, the statement said.

The April figure brought China's fiscal revenue in the first four months of this year to 3.62 trillion yuan, up 31.4 percent from a year earlier, it said.

Fiscal revenue in China includes taxes as well as administrative fees and other government income, such as fines and income from state-owned assets.