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| China's 2002 deficit controlled as budgeted |
| CCTV.COM 2003-03-06 10:03:43 |
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The 2002 central and local budgets were implemented satisfactorily, with a deficit controlled at the figure as budgeted, Minister of Finance Xiang Huaicheng said Thursday.
The minister was presenting a report on the implementation of the central and local budgets for 2002 and draft budgets for 2003 to the on－going First Session of the 10th National People's Congress.
The total national financial receipts amounted to 1.8914 trillion yuan, 89.9 billion yuan over the budgeted figure, while its total expenditures reached 2.2012 trillion yuan, 89.9 billion yuan over the budgeted figure.
The total receipts of the central finance in 2002 was 1.102 trillion yuan, 37.4 billion yuan over the budgeted figure, while their expenditures amounted to 1.4118 trillion yuan, 37.4 billion yuan over the budgeted figure, leaving a deficit of 309.8 billion yuan, the same as budgeted.
The total receipts of local finances in 2002 stood at 1.5886 trillion yuan, 58.2 billion yuan over the budgeted figure, while their total expenditures amounted to 1.5886 trillion yuan, 58.2 billion yuan over the budgeted figure, well balanced.
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Editor: Han Ling Source:Xinhua
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