Tibet's financial revenue hits 2.7 bln yuan up 34.47%

The financial revenue of Tibet Autonomous Region (TAR) reached 2.74478 billion yuan, accounting for 124.01 % of the total budget. It registered an increase of 703.65 million yuan, up 34.47% year on year, as of the end of September, 2010, according to TAR Financial Department.

From Jan. to Sept. the financial revenue achieved a steady and relatively rapid growth thanks to the effective financial functions by the financial authorities at all levels across TAR.

The general budget revenue continued to maintain a steady and relatively rapid development, with the overall growth rate of over 20%.

The general budget revenue reached around 2.46 billion yuan, nearly equal to the annual revenue of 2008, which takes up 121.06% of the total budget, up 1.52% than that of 2009, faster than the average progress.

The tax revenue became the major driving force of the general budget revenue, increased by 409.34 million yuan at the growth rate of 32.45%, up 20.24% at a high-increasing level.

The non-tax revenue also increased to 786.65 million yuan, accounting for 123.43% of the total budget, 25.98 million yuan more or 3.42% higher than the same period of last year.

In addition, the fund revenue budget amounted to 287.18 million yuan, accomplishing 156.69% of the total budget, raised by 268.33 million yuan or 14.23 times than the same period of 2009.

During the past nine months, the financial expenditure hit 36.81014 billion yuan, accounting for 65.67% of the adjusted budget, a 17.34%, or 5.43951 billion yuan increase from the previous year.

The general financial expenditure rose at a rapid rate, topping around 36.63 billion yuan, taking up 66.21% of the adjusted budget.

From Jan. to Sept., various key funds totaled around 26.17 billion yuan, up 8.99% from one year earlier, accomplishing 71.46% of the total expenditure, 2.35% higher than that of last year. The expenditure structure has been further improved.

Besides, the fund budget expenditure amounted to 184.6 million yuan, accounting for 24.85% of the adjusted budget, 179.66 million yuan more or 36.37 times than that of the same period of 2009.

Source: China Tibet Information Center