Fiscal revenue up for second straight month
By Si Tingting | China Daily | Updated: 2009-07-14 08:02
The country's fiscal revenue went up by a large margin in June, marking a record high year-on-year monthly growth this year and the second positive growth since May.
However, the Ministry of Finance (MOF) warned the engine to fuel such fiscal revenue growth was not solid enough.
China's June fiscal revenue rose 19.6 percent from a year earlier at 686.7 billion yuan, while spending climbed 21.5 percent, the MOF said yesterday. Fiscal revenue has improved since May along with the economy, the ministry said on its website. The figures indicated a surplus for June of 46.2 billion yuan.
Photo
