China's revenue leaps in first five months
(Xinhua)
Updated: 2006-06-29 11:17
China chalked up 1.66 trillion yuan (US$ 207.5 billion) in fiscal revenue in
the first five months of the year, up 22.8 percent from the same period last
year.
The January-May income accounted for 46.9 percent of the annual budget, the
Ministry of Finance said in a report.
Central coffers collected 922.6 billion yuan, while local government revenue
reached 740.5 billion yuan.
Nationwide government spending also rose 16.7 percent to 1.12 trillion yuan
through May, the report said.
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