Off the wire
• 2nd Ld-Writethru-Xinhua Insight: Charity Law to smooth China's last-mile drive to 2020 targets  • 2nd Ld-Writethru-Xinhua Insight: Lawmakers approve China's five-year plan against economic headwinds  • 15 trafficked Cambodian laborers rescued from Thai fishing boats  • China Focus: Despite own difficulties, China releases water for drought-hit Mekong countries  • China Hushen 300 index futures close higher Wednesday  • China's top legislator to attend IPU Assembly, visit African countries  • China treasury bond futures close higher Wednesday  • Analysts cut Singapore growth forecast in 2016: survey  • Commentary: U.S. should be prudent with monetary policy to mitigate spillover  • 2nd LD Writethru: Trump notches crucial victory in Florida, Rubio drops out  
You are here: 　 Home

China fiscal revenue up 6.3 pct in first two months

Xinhua, March 16, 2016 Adjust font size:

China's fiscal revenue rose 6.3 percent year on year to 2.74 trillion yuan (421.3 billion U.S. dollars) in the first two months of 2016, data from the Ministry of Finance showed on Wednesday.

The data came after China's fiscal revenue logged its slowest pace since 1988 last year as the broader economy slowed.

During the January-February period, fiscal spending expanded 12 percent to 2.12 trillion yuan.

To cushion the blow from sagging revenue growth and balance the need for proactive fiscal policy to support growth, China plans to increase its deficit-to-GDP ratio to 3 percent this year from 2.3 percent last year.

Government deficit for 2016 is projected to be 2.18 trillion yuan, an increase of 560 billion yuan over last year. Endi