Fiscal & tax revenue 2017

The general public budget revenue reached 17.26 trillion yuan($2.56 trillion) in 2017, up by 7.4 percent over the previous year.

The central government collected more than 8.1 trillion yuan in fiscal revenue, up 7.1 percent year-on-year, while local governments saw fiscal revenue expand 7.7 percent to top 9.1 trillion yuan.

MOF attributed the strong growth to the country's improving economy, rising industrial prices, effective supply-side structural reforms, and other supportive policies.

Revenue from taxes expanded 10.7 percent year on year to 14.4 trillion yuan while that from non-tax incomes dropped 6.9 percent to 2.8 trillion yuan.

Income from value-added tax increased 8 percent year on year to 5.6 trillion yuan, while the corporate income tax and personal income tax both saw faster growth of 11.3 percent and 18.6 percent, respectively.

In 2017, fiscal spending rose 7.7 percent year on year to 20.3 trillion yuan. Expenditures on energy-saving projects rose 19.8 percent to 567.2 billion yuan.