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China central govt expenditures shoots up 16.8% as China tries to pump economy to postpone recession

 
Borat Sagdiyev
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07/13/2012 11:33 PM
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China central govt expenditures shoots up 16.8% as China tries to pump economy to postpone recession
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BEIJING -- China's central government expenditure last year totalled 5.64 trillion yuan ($892.28 billion), representing
103.8 percent of the year's budget, according to figures released Wednesday by the Ministry of Finance (MOF).

The figure was up 16.8 percent from the expenditure in 2010, the MOF 2011 financial statement showed.

The central government's total public revenue last year was 5.13 trillion yuan, 111.9 percent of the budget and up 20.8
percent from a year earlier, the ministry said.


[link to www.chinadaily.com.cn]

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