Off the wire
? China sees more inclusive finance loans to small businesses in 2019  ? Discover China: Digital technologies enable inclusive finance in China  ? Inclusive finance service benefits small enterprises  ? China inclusive finance loans increase in 2018  ? China allocates 10 bln yuan to support inclusive finance  ? China's inclusive finance develops steadily  ? Xinhua China news advisory -- June 3  ? Garden festival kicks off in Ireland, attracts residents, visitors  ? Venezuela sends aid to Cuba after tropical storm Alberto  ? Venezuela prepares list of political opponents to be freed from jail  
You are here:   News/

China's fiscal revenue up 18.4%

Xinhua, September 18, 2021 Adjust font size:

China's fiscal revenue logged a year-on-year increase of 18.4 percent in the first eight months of the year, official data showed Friday.


The country's fiscal revenue amounted to about 15.01 trillion yuan (about 2.33 trillion U.S. dollars) during the period, according to the Ministry of Finance.


Tax revenue came in at 12.96 trillion yuan in the Jan.-Aug. period, up 19.8 percent year on year.


Revenue from value-added tax, the largest source of fiscal revenue in the country, rose 19.1 percent year on year to 4.54 trillion yuan, while that from individual income tax jumped 23 percent from a year ago to 939.7 billion yuan.


In the first eight months, the central government and local governments collected nearly 7.05 trillion yuan and 7.96 trillion yuan in fiscal revenue, respectively, rising 18.9 percent and 17.9 percent year on year.


Friday's data also showed that China's fiscal spending went up 3.6 percent year on year to 15.54 trillion yuan for the first eight months.


Fiscal expenditure on education saw a yearly increase of 7.9 percent during the period, while spending on health and medical care rose 3.9 percent, the ministry said.


 
 
 
精品三级电影