China reported a fiscal deficit of 111 billion CNY (16.21 billion USD) in 2008, the Xinhua News Agency reported. The country's fiscal revenue reached 6.13 trillion CNY for the whole of 2008, up 19.5% from the previous year. Meanwhile, fiscal spending last year increased 25.4% YoY to 6.24 trillion CNY. The actual spending was 22.6% higher than planned in the budget fixed at the beginning of 2008, and the ministry attributed the increase mainly to extra-budgetary quake relief funds
