CHINA China's fiscal revenue up 3.3 pct in January-September period

CHINA

China's fiscal revenue up 3.3 pct in January-September period

Xinhua

19:55, October 17, 2019

BEIJING, Oct. 17 (Xinhua) -- China's fiscal revenue increased 3.3 percent year on year to around 15.07 trillion yuan (about 2.13 trillion U.S. dollars) in the first nine months of 2019, official data showed Thursday.

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File photo: VCG

The central government collected about 7.2 trillion yuan during the period, up 3.5 percent year on year, while local governments saw revenue up 3.1 percent to about 7.86 trillion yuan, according to the Ministry of Finance (MOF).

China's fiscal spending expanded 9.4 percent year on year to around 17.86 trillion yuan during the January-September period, MOF data showed.

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