Public Finance in 2006

In 2006, the local financial revenue of Chongqing reached RMB 52.946 billion, up 30.5% over the previous year. The general financial revenue reached RMB 31.772 billion, up 23.7%, accounting for 60.0% of the total. The value-added tax, business tax, corporate income tax, individual income tax and real estate tax jumped 15.0%, 22.3%, 22.7%, 14.7% and 14.0% respectively.
In 2006, the local fiscal expenditure was RMB 82.055 billion, up 30.9% over the previous year. The general fiscal expenditure was RMB 59.564 billion, up 24.4%. The expenditures of education, social security, city maintenance were RMB 7.977 billion, 5.261 billion and 4.841 billion respectively, up 31.5%, 28.7% and 28.8% respectively. The infrastructure investment was RMB 7.528 billion, up 12.3%.