August 6, 1952 the (Imjin June 16), New China financial break even for the first time.

1952, the Sixteenth Meeting of the Committee of the Central People's Government, listen to and approved by the of Bo Yibo Minister of Finance made "report on the implementation of the 1951 national budget for the year and the draft state budget for the year 1952 , and by the 1952 annual national fiscal budget.
reported that the 1952 budget revenues and expenditures were 15.88 billion yuan, the actual comparison with 1951, an increase of 41.7% in revenue, expenses increased by 55.5%. This is the first annual fiscal balance since the founding of our national budget compiled when. balance of payments, economic
restore price stability, marked China's financial and economic situation has been a fundamental turn for the better, it has been completed ahead of the proposed use of Mao Zedong in the June 6, 1950 report of the Seventh CPC Central Committee and the Third Plenary Session 3 years or a little more time to achieve a fundamental improvement of the financial and economic situation of the entire country, "the instructions.