China's national revenue exceeded 2 trillion yuan for the first time to reach 2.1691 trillion yuan in 2003, said Minister of Finance Jin Renqing at the Second Session of the Tenth National People's Congress (NPC).
The central and local budgets were implemented fairly well last year despite a complex and volatile international situation, the unexpected outbreak of the severe acute respiratory syndrome (SARS) and frequent natural disasters, Jin told the national legislature.
National revenue, excluding revenue from generation of debt, was 278.7 billion yuan or 14.7 percent more than the previous year and 105.8 percent of the budgeted figure, the minister said in a report on the implementation of the central and local budgets for 2003 and on the draft central and local budgets for 2004.
