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Special> China's Tibet: Facts & Figures> Economy
UPDATED: October 29, 2008  
Financial Revenue and Expenditure

According to the implementation of the 2007 financial budget released by the TAR government, financial revenue reached 2.314 billion Yuan, a rise of 34.0 percent. This included ordinary budgeted income of 2.014 billion Yuan, an increase of 557.97 million Yuan or 38.3 percent; added value rose by 38.5 percent and business tax 26.2 percent, and local financial income as a percentage of local GDP stood at 6.8 percent. The total value of foreign trade added up to US$339 million; a rise of 19.8 percent, exceeding the plan made at the beginning of the year. Of the ordinary budgeted income, various tax revenues reached 1.167 billion Yuan, a rise of 32 percent. In 2007, the Central Government's financial subsidy to the TAR was expected to reach 28.5 billion Yuan, enabling local finances to realize a balance between income and expenditure. Hence, Tibet ended its long history of financial deficit.

Tibet's total financial expenditure reached 27.936 billion Yuan, up 38.1 percent from 2006. This included ordinary budgeted expenditure of 27.537 billion Yuan, a 37.6 percent increase. The financial expenditure on the education, science and technology, culture and health care as well as public services such as social security and ecological environment reached as much as 8.048 billion Yuan, a rise of 31.14 percent. The expenditure on education stood at 3.277 billion Yuan, up by 22.34 percent; that on science and technology 190 million Yuan, up 75.14 percent; that on health care 1.703 billion Yuan, a rise of 74.5 percent; and that on social security 1.679 billion Yuan, registering an increase of 63.35 percent. Meanwhile, the expenditure on the management of public affairs and construction at basic level was also increased by a large margin.

(China's Tibet Facts and Figures 2008)

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