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Economy

China's fiscal revenue posts 34% increase in Q1

(Xinhua)
Updated: 2010-04-15 17:49
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BEIJING - China's fiscal revenue rose 34 percent year-on-year to 1.96 trillion yuan ($287 billion) in the first quarter, boosted by rising tax revenues, the Ministry of Finance (MOF) announced Thursday.

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The rise was also a result of a lower comparison base for the same period last year, said the MOF in a statement posted on its website.

The government took in 602.3 billion yuan in March, up 36.8 percent from a year earlier, according to the MOF.
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