Chongqing’s fiscal expenditure hits 20.07 bln yuan in January

Chongqing Finance Bureau revealed on February 14 that there was 20.91 billion yuan of local fiscal income in January 2012, down 16.1% year on year; and 20.07-billion-yuan fiscal expenditure, up 65.2% year on year.

Chongqing Finance Bureau released that Chongqing’s local fiscal budget in January is characterized with:

The general budget revenue increases by 8.7% year on year, there are 10.35 billion yuan of taxes, up 0.7% year on year, and the fiscal expenditure increases rapidly, with general budget expense 23.6% higher, which ensures a good start for the work at the beginning of 2012.

Zhang Yingling