China fiscal revenue falls 3.1% in November

Special Report:Global Financial

Crisis

BEIJING, Dec. 11 (Chinese media) -- China's fiscal revenue

dropped 3.1percent in November from a year earlier, accelerating its decreasing

pace in October, the Ministry of Finance announced on Thursday.

The ministry attributed the decline to slowing

economic growth and tax cuts to boost economy.

Fiscal revenue totaled 379.2 billion yuan (55.4

billion U.S. dollars) last month, down 3.1 percent year on year.

In October, the country reported 532.9 billion yuan

in fiscal revenue, down 0.3 percent year on year, the first decline in 12 years.

The country's fiscal revenue rose 20.5 percent year

on year to 5.8 trillion yuan in the first 11 months this year. The country's

expenditure also increased in the first 11 months, up 23.6 percentto nearly 4.6

trillion yuan. Enditem