Product classification
Changzhou Office: No.9, XiShan Road, Changzhou City, China
Phone/Fax: +86 519 85102276
Cell: +86 13571900119
News Center  
Jan-July gov't funds expenditure up 134%
Date:2010/8/27      View:1061
China's government funds expenditure surged 134.3 percent year-on-year in the first seven months of 2010 as compensation for land purchases grew rapidly, a senior official said Thursday.

From January to July, China's government funds expenditure hit 1.32 trillion yuan ($194 billion), China's Finance Minister, Xie Xuren, said during his report on the implementation of the fiscal budget plan for the first seven months of this year.

The report was presented to the 16th Session of the Standing Committee of the 11th National People's Congress, a bimonthly session running from August 23 to August 28.

Total revenue of China's government funds in the first seven months reached 1.8 trillion yuan, up 146 percent from one year earlier, as local governments increased revenues due to land purchases, Xie said.

China's government funds revenue are made up from a series of specialized charges authorized by the central government, including land revenues and part of road tolls.

China's budget for public affairs, including rural infrastructure and education as well as medical treatment and public health, stood at 7.48 billion yuan in the first seven months of 2010, Xie added.
© 2010 Hopeland Bio-Tech Co.,ltd. All Rights Reserved.
Changzhou Office: A403, Building 3, No.18 HuaShan Road, New North District, ChangZhou City, JiangSu Province, China
Phone/Fax: +86 519 85102276 Cell: +86 13571900119
Links: Hopeland  AAC Plant
Probiotic Processing Equipment

Web Stats: