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China's 2009 fiscal revenue tops 6.85 trillion yuan: minister

06-24-2010 11:15 BJT

BEIJING, June 23 (Xinhua) -- Chinese Finance Minister Xie Xuren said Wednesday that the country's fiscal revenue exceeded 6.85 trillion yuan (1 trillion U.S. dollars) last year, 718.795 billion yuan, or 11.7 percent, up from 2008.

Xie revealed the figure in a report on last year's fiscal situation to the 15th session of the Standing Committee of the 11th National People's Congress (NPC), China's top legislature.

Central government expenditure exceeded revenue last year, resulting in a fiscal deficit of 750 billion yuan, which was within the limit approved by the national legislature, Xie said.

The government's total central fiscal expenditure exceeded 4.38 trillion yuan, an increase of about 843.1 billion yuan over that of the previous year, said Xie.

The outstanding national debt reached 6.02 trillion yuan at the end of last year, which was within the 6.27-trillion-yuan limit in the annual budget, he said.

The total central fiscal expenditure included about 1.53 trillion yuan of central government spending and almost 2.86 trillion yuan of tax rebates and transfer payments to local governments, Xie said.

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