1. China’s fiscal expenditures soar 17.6 per cent in May

China’s fiscal expenditures soar 17.6 per cent in May

China's fiscal spending soared 17.6 percent in May from a year earlier, while fiscal revenue rose 7.3 percent, the finance ministry said on Monday.

By: | Beijing | Published: June 13, 2016 4:25 PM
For the first five months of this year, fiscal expenditure was up 13.6 percent compared with the same period in 2015, while fiscal income increased 8.3 percent. (Reuters) For the first five months of this year, fiscal expenditure was up 13.6 percent compared with the same period in 2015, while fiscal income increased 8.3 percent. (Reuters)

China’s fiscal spending soared 17.6 percent in May from a year earlier, while fiscal revenue rose 7.3 percent, the finance ministry said on Monday.

For the first five months of this year, fiscal expenditure was up 13.6 percent compared with the same period in 2015, while fiscal income increased 8.3 percent.

Also Read: China must take immediate steps to check corporate debt: IMF

The ministry said in an online statement that downward pressure on the economy still persists and that authorities should pay close attention to changes in economic and fiscal operations.

Tags: ChinaFiscal
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