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Economic downshift bites into China's 2012 fiscal revenues (3)

(Xinhua)

08:40, January 23, 2013

The government has vowed to maintain a proactive fiscal policy and prudent monetary policy in 2013.

The country's total fiscal expenditures climbed 15.1 percent year on year to 12.6 trillion yuan in 2012, according to MOF data.

Spending on education recorded the fastest growth, surging 28.3 percent to 2.1 trillion yuan.

The central government spent 6.4 trillion yuan in 2012, including 4.5 trillion yuan in tax rebates and transfer payments given to local governments.

Local governments saw outlays rise 15.3 percent to 10.7 trillion yuan in 2012, the MOF data showed.


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Email|Print|Comments(Editor:黄蓓蓓、梁军)

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