Off the wire
• Colombian gov't, rebel group agree on legal mechanisms for final peace deal  • Thai RSS3 rubber price  • Foreign exchange rates in Thailand  • Feature: Brazil's first female president leaves office with promises of resistance  • Spotlight: Missile defense system in Romania to worsen U.S.-Russia ties  • 3 killed, 2 missing after cloudburst hit Indian-controlled Kashmir  • Singapore bank association enhances due diligence guidelines for listings on SGX  • Abortion rates drop to historic low in developed world: study  • Roundup: Brazil's impeachment process against Rousseff raises alarm across Latin America  • 1st LD-Writethru: China Exclusive: Apple announces 1-bln-USD investment in Chinese ride-hailing app  
You are here: 　 Home

China fiscal revenue rises 14.4 pct in April

Xinhua, May 13, 2016 Adjust font size:

China's fiscal revenue rose 14.4 percent year on year to 1.55 trillion yuan (238.8 billion U.S. dollars) in April, data from the Ministry of Finance showed on Friday.

In the first four months, fiscal revenue went up 8.6 percent to 5.44 trillion yuan.

"The foundation for continued revenue growth remains unsteady as downward pressures on China's growth stay and economic restructuring still faces many challenges," the ministry noted.

In April, fiscal spending gained 4.5 percent to hit 1.31 trillion yuan, bringing expenditures for the January-April period to 5.1 trillion yuan, up 12.2 percent year on year.

To cushion the blow from sluggish 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. Endi