Govt revenue up 8.7% in first three quarters

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October 19, 2018

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Govt revenue up 8.7% in first three quarters

Source: Xinhua | 00:01 UTC+8 October 19, 2018 |

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China’s fiscal revenue rose 2 percent year on year to 1.3 trillion yuan (US$187.4 billion) in September, data showed yesterday.

The growth narrowed from a 4 percent gain in August, according to the Ministry of Finance.

The central government collected 591.9 billion yuan in fiscal revenue last month, up 0.9 percent year on year, while local governments saw fiscal revenue rise 2.9 percent to 704.4 billion yuan.

In the first nine months of the year, fiscal revenue went up 8.7 percent year on year to 14.6 trillion yuan, the data showed.

Yesterday’s data also showed China’s fiscal spending expanded 11.7 percent year on year to 2.26 trillion yuan in September.

Fiscal spending in the January-September period rose 7.5 percent to 16.3 trillion yuan, accounting for 77.8 percent of the planned budget for the year.

Finance

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Govt revenue up 8.7% in first three quarters

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