China's state revenue maintained growth momentum in the first half of 2007. During the January-June period, China's state revenue stood at over 2,611.78 billion yuan ($345.37 billion), a 30.6 percent increase over last year, achieving 59.3 percent of the budgetary plan for the year. Of the total, revenues of the Central Government reached more than 1,450.22 billion yuan ($191.80 billion), up 32.6 percent year on year, and revenues of local governments climbed to 1,161.57 billion yuan ($153.65 billion), up 28.1 percent over the corresponding period last year.

China's state revenue has continuously jumped year on year — 2 trillion yuan, 2.5 trillion yuan, and 3 trillion yuan — between 2003 and 2005. Until 2006, however, it approached nearly 4 trillion yuan, hitting new highs each time.

In the first half of 2007, the country's overall expenditures amounted to nearly 1,792 billion yuan ($237.04 billion), a 22.7 percent increase over last year, completing 38.5 percent of the budget. Of the total, central and local government expenditures were 422.95 billion yuan ($55.95 billion) and 1,369.05 billion yuan ($181.09 billion), up 9.5 and 27.5 percent year on year, respectively.

The first half budgetary revenue is highlighted by fast growth in the national economy and good corporate performance, an optimized expenditure structure and implementation on major sectors concerning agriculture, rural areas and farmers, as well as fiscal expenses on education, health care and the social security at the local level.

(China.org.cn)