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China's Sept fiscal revenue rises 9.4% year on year

Monday, October 19, 2015 - 09:43
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China's fiscal revenue rose 9.4 per cent in September from a year earlier, while fiscal expenditure jumped 26.9 per cent, data from the Finance Ministry showed on Monday.

[BEIJING] China's fiscal revenue rose 9.4 per cent in September from a year earlier, while fiscal expenditure jumped 26.9 per cent, data from the Finance Ministry showed on Monday.

For the first nine months of the year, fiscal revenue rose 7.6 per cent from a year earlier and fiscal expenditure rose 16.4 per cent, the data showed.

The rise in spending, which follows a 26 per cent jump in August, comes as policymakers continue efforts to invigorate an economy that is facing its slowest rate of expansion in a quarter of a century.

REUTERS