Source: CCTV.com

01-05-2009 14:19

Finance Minister Xie Xuren told a national conference on Monday that China's 2008 fiscal revenue was expected to exceed 6 trillion yuan, growing 19 percent year-on-year. From January to November 2008, fiscal revenue exceeded 5.8 trillion yuan, a fifth more than the same period in 2007.

Finance Minister Xie Xuren told a  national conference on Monday that  China's 2008 fiscal revenue was  expected to exceed 6 trillion yuan, growing 19 percent year-on-year.

The first half of 2008 saw a rapid growth in revenue, thanks to the good performance of companies. However, growth slowed in the second half, due to the global financial crisis and the government's tax cut policies which aimed to boost the economy.

Xie Xuren pointed out that 2009 will be a tough year for China's fiscal revenue growth. As expenditure increases, he says it will be hard to maintain a balance.

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Editor:Qin Yongjing