CHINA'S fiscal revenues grew 4.2 percent annually to 786.3 billion yuan (US$124 billion) in August.The country's central fiscal revenue dropped 6.7 percent annually to 376.5 billion yuan last month, while that of local governments rose 16.8 percent to 409.8 billion yuan, the ministry said in a statement.During the first eight months, China's fiscal revenues grew by 10.8 percent from a year earlier to 8.23 trillion yuan, the statement said.

The ministry attributed the slower growth to the slowing economy, falling prices and structural tax reductions.China's economy expanded 7.8 percent annually in the first half of 2012, down 1.8 percentage points from a year earlier.The consumer price index, a key gauge of inflation, rose 2 percent year on year in August, accelerating from 1.8 percent in July.

Tax revenues nationwide rose 8.9 percent annually to 7.06 trillion yuan in the first eight months, accounting for 85.78 percent of the nation's total fiscal revenues.Business tax revenues increased 15.2 percent to 108.2 billion yuan last month, as business tax from the financial sector jumped 38.5 percent and that of the property sector rose 21 percent on rising sales.Corporate income taxes surged 47.2 percent annually to 72.9 billion yuan last month, according to the statement.

滬江英語快訊：8月份，財(cái)政收入中的稅收收入6618億元，同比增長7.2%。非稅收入1245億元，同比減少129億元，下降9.4%。其中，中央非稅收入同比減少366億元，下降58.7%，主要是受石油特別收益金繳庫辦法改變的影響。財(cái)政部表示，本月財(cái)政收入增幅繼續(xù)回落，特別是中央財(cái)政收入下降較多，主要是受經(jīng)濟(jì)增長放緩、價(jià)格漲幅回落、企業(yè)利潤下降、實(shí)施結(jié)構(gòu)性減稅的影響?！?/p>