From People’s Daily:
The State Council issued its Report on the Implementation of the Central and Local Budgets for 2006 and the Draft Central and Local Budgets for 2007, and submitted it to deputies for review at the 5th Session of the Tenth National People’s Congress on March 5.
The report outlined the 2007 budget: central government revenue will total 2,442.108 billion yuan, 318.877 billion yuan more than the previous year; central government expenditure will total 2,687.108 billion yuan, 338.882 billion yuan more than the previous year; national revenue will reach 4,406.485 yuan, up 533.423 billion; and national expenditure will reach 4,651.485 billion yuan, up 630.169 billion.
The report also outlined key focuses of central expenditure and fiscal policies: [Full Text]
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