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Economy

Fiscal income up 9.4%, spending surges

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2015-10-20 10:44Shanghai Daily Editor: Feng Shuang

China's fiscal revenue grew 9.4 percent year on year in September, while expenditure posted its biggest rise in five months amid government's efforts to stabilize economic growth, the Ministry of Finance said on Monday.

Government revenue rose 9.4 percent year on year to 1.09 trillion ($171 billion) in September, compared with a 6.2 percent gain in August.

"Declining producer prices and a structural tax cut amid an economic downturn increased pressure on fiscal revenue," the ministry said, as it cautioned that fiscal growth in most parts of the country will face difficulties in the fourth quarter.

  

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