Government and Policy

China's first-quarter fiscal revenue rises 33%

(Xinhua)
Updated: 2011-04-15 19:24

BEIJING - China's Ministry of Finance said on Friday the country's fiscal revenue surged 33.1 percent year on year to 2.61 trillion yuan ($401.54 billion) in the first quarter.

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In March, the nation's fiscal revenue jumped 26.7 percent from one year earlier to 763.14 billion yuan, down from the 41.5-percent growth in February and January's 32.8-percent increase, the ministry said in a statement on its website.

Of the March fiscal revenue, the central government collected 353.3 billion yuan and local governments gathered the rest, the statement said.