China 2012 fscal revenue up 12.8%
2013-01-22 12:13:32
China's fiscal revenue growth slowed in 2012 compared to the previous year, data from the Ministry of Finance showed Tuesday.
Fiscal revenue rose 12.8 percent in 2012 to CNY 11.7 trillion. This was weaker than the 24.8 percent growth recorded in 2011.
According to the ministry, fiscal expenditure rose 15.1 percent to CNY 12.57 trillion last year. As a result, the budget deficit came in at CNY 850.2 billion.