July 12, 2012
Translated by Tang Xiangyang

 
The Chinese government collected 10.38 trillion yuan of fiscal revenue in 2011, it said Wednesday, confirming data that was released in January and showed receipts some 15.8% higher than budgeted.

Revenue from personal income tax totaled 605.41 billion yuan, which was over budget by 11.6% or 85.4 billion yuan.

The Ministry of Finance attributed the extra revenue from personal income tax to unexpectedly quick growth in people’s earnings.

Value-added tax raised 2.42 trillion yuan, 3.6% more than budgeted, due to a combination of higher prices for goods and services as well as higher sales volumes.

Meanwhile, accounts also showed that ministries and government departments spent a total of 9.36 billion yuan on holding public banquets, purchasing and maintaining public vehicles and arranging overseas trips, the so-called the “three public expenses” (三公經費).

Starting from July 19, 2012, ministries and government departments will each make public their final accounts, including their own “three public expenses.”

 
Links and sources
The Beijing Times 去年全國個稅超收854億元 
Bloomberg