Beijing registered 60.96 billion yuan (7.52 billion US dollars) of fiscal revenue in the first eight months of this year, up 21.7 percent year-on-year, according to the municipal statistics bureau.

Of the total, 5.72 billion yuan came from personal income tax, 4.42 billion yuan from value-added tax, and 25.56 billion yuan from business tax.

Some 13 billion yuan of corporate income tax was collected, up 37 percent year-on-year, which contributed 32.4 percent to the total local fiscal revenue, up 10.3 percentage points.

Total fiscal expenditure in the eight-month period stood at 50.24 billion yuan, up 14.9 percent on a yearly basis, with 3.45 billion yuan used for infrastructure construction, up 8.9 percent year-on-year.

The Beijing municipal finance department also allocated 1.82 billion yuan on strengthening ecological and environmental protection and promoting the development of educational, cultural and health undertakings in the rural areas.

Source: Xinhua