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Home >> Tibet Travel Guide >> Tibet Financial Revenues

Tibet Financial Revenues

Tibet Financial Revenues Through construction over the past five decades, especially the last 20-odd years of reform and opening up, the Tibetan economy has gradually evolved from a structure dependent on ¡° blood transfusion¡± to one capable of ¡°producing blood.¡± In 1988, the zero record in local financial revenue was broken. Tibet¡¯s financial revenue reached 1.433 million Yuan in 2005, a rise of 19.5 percent over the previous year. This includes ordinary budgeted income amounting to 1.203 billion Yuan, up 20.1 percent. Financial expenditures reached 18.916 billion Yuan, an increase of 39 percent over 2004. This includes ordinary budgeted expenditures totaling 18.545 billion Yuan, up 38.6 percent.

In 2001, tax revenues amounted to only 887 million Yuan; the figure rose to 1.582 billion Yuan in 2005, up 23 percent over the previous year or an increase of 295 million Yuan. In 2001, only 50 county-level taxation bureaus in the region each enjoyed a tax income of 1 million Yuan; in 2005, however, all bureaus reached this level and 24 enjoyed a tax income of 5 million Yuan, while 14 reached the 10 million Yuan mark. From 2001 to 2005, the taxation departments in the region achieved an income of 5.87 billion Yuan, an annual average gain of 14 percent, or 6.2 percent of the GDP that reached 94.601 billion Yuan in the same period. This helped with the local economic development.

Financial Revenues and Expenditures of Tibet in 2001-2005

Unit: 100 million Yuan

  Local Financial Revenues

#Various Tax Revenues

Local Financial Expenditures

2001

7.38

5.07

106.21

2002

8.73

5.36

139.89

2003

10.03

6.54

148.20

2004

11.99

7.19

136.07

2005

14.33

8.13

189.16

The goal of Tibet¡¯s taxation work is: Local tax revenues increasing by 15 percent per year, reaching 2.414 billion Yuan by 2010, double the 2005 level; local expenditures totaling 31.61 billion Yuan, an increase of 71 percent over 2005.

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