Wednesday, 01 December 2021 03:19 GMT

Financial proceeds of China increase 18.4 pct in Jan.-Aug. period


(MENAFN) On Friday, Sep. 17 official figures demonstrated that financial proceeds of China recorded a year-over-year rise of 18.4 percent in the January-August period of 2021.

The Ministry of Finance said that China’s financial proceeds reached around 15.01 trillion yuan (around USD2.33 trillion) in the first eight months of the year.

Tax proceeds stood at about USD2,00 trillion in the cited period, a rise by 19.8 percent year over year.

Proceeds from value-added tax, the biggest source of financial proceeds in China, jumped 19.1 percent year over year hitting about USD702 billion, whereas that from individual earnings tax soared 23 percent from a year earlier reaching around USD145 billion.


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