Growth in China fiscal spending slows in April, revenues up

Growth in China fiscal spending slows in April, revenues up
 

BEIJING China's fiscal expenditures rose 4.5 percent in April from a year earlier, slowing sharply from a 20.1 percent jump in March, data from the Finance Ministry showed on Friday,
The government has pledged to ramp up fiscal support this year, boosting the fiscal deficit to 3 percent of gross domestic product (GDP), after economic growth last year cooled to a 25-year low.
Fiscal revenues climbed 14.4 percent in April from a year earlier, quickening from March's 7.1 percent rise.
April business tax receipts jumped 74.8 percent from a year earlier, as local governments rushed to clear up... read more

 
13 May 2016 in Business, Views: 32
Source: Reuters
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