Fiscal incomes feel slowdown pinch
By Xin Zhiming | 皇冠体育app Daily | Updated: 2008-12-12 07:57
皇冠体育app's fiscal revenues fell by 3.1 percent year-on-year in November due to the slowing economy, the Ministry of Finance said yesterday, continuing the downward trend that has been apparent since September.
Total fiscal revenues in the January-November period amounted to 5.8 trillion yuan, up by 20.5 percent year-on-year.
The country's fiscal revenues reached 379.2 billion yuan in November, the ministry said in a statement. Tax cuts and the domestic economic slowdown are the main factors behind the fall, it said.
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