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China's fiscal revenue up 33% in September

(Xinhua)
Updated: 2009-10-16 11:14

BEIJING: China's fiscal revenue rose 33 percent from a year earlier to hit 560.94 billion yuan (US$82.13 billion) in September, the Ministry of Finance announced Friday.

Related readings:  China's housing prices rise 2.8% in September  China received $7.9 billion FDI in September  China's forex reserve hits record $2.27 trln  Strong trade figures export new optimism  China's power consumption continues to rise in Sep

It is the fifth month in a row that China's monthly fiscal revenue has risen year on year, since it rose 4.8 percent in May.

The ministry said the strong rebound was based on the relatively low basis in September last year and a domestic economic recovery.

Fiscal revenue in the first three quarters topped 5.15 trillion yuan, an increase of 5.3 percent from the same period last year.

Fiscal expenditure in September increased by 32.9 percent from a year earlier to 657.74 billion yuan. This brought total fiscal expenditure in the first nine months to 4.52 trillion yuan, up 24.1 percent compared with the same period last year.