China’s fiscal expenditures soar 17.6 per cent in May

By: |
Beijing | June 13, 2016 4:25 PM

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. (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.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1China’s Communist Party appoints Xinjiang official facing US sanctions to head party’s Tibet unit
2US condemns reports of attacks on Hindus in Bangladesh
3China’s Communist Party all set to hold key meet next month ahead of 2022 leadership change