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Economy

Fiscal revenue increases 9.4%

1
2015-10-20 09:17Global Times/Agencies Editor: Li Yan

China's fiscal revenue rose 9.4 percent in September from a year earlier, while fiscal expenditure jumped 26.9 percent, data from the Finance Ministry showed.

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

The rise in spending, which follows a 26 percent 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.

  

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