Fiscal revenue hits RMB5t as social sectors receive subsidy boost

Legal and Regulatory

Saturday, August 30, 2008 05:58:21

	Fiscal revenue hits RMB5t as social sectors receive subsidy boost By STAFF EDITOR Published: December 20, 2007 12:00 PM China has increased subsidies this year in the agriculture, education, and healthcare sectors to offset the impact of rocketing inflation, the Economic Daily reported. Finance Minister Xie Xuren said subsidies for agriculture grew 22.8% year-on-year to US$58.56 billion (RMB432 billion), subsidies for education grew 76.3% year-on-year to US$14.48 billion (RMB107 ... You are currently reading 49 words of 151 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: finance , deficit , GDP , inflation	More Articles in Legal and Regulatory > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Beijing, Tianjin consider financial integration Beijing city says Shanghai key financial hub but wants role China foreign trade policy may change Calls to raise income tax threshold as tax take outstrips growth Shanghai housing fund mulls higher contributions Resource tax reform touted Food costs driving Shanghai inflation

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