China Jan-Feb Fiscal Revenue Rises At Slower Pace

China’s fiscal revenue rose at a slower pace at the start of the year as slower growth weighed on tax collections, data from the Finance Ministry revealed Monday.

Fiscal revenues rose 3.2 percent in January to February from the previous year. Revenues totaled CNY 2.57 trillion.

Fiscal expenditure increased 10.5 percent to CNY 1.9 trillion.

The government estimated the budget deficit to widen to 2.3 percent of gross domestic product this year from 2.1 percent in 2014.

The material has been provided by InstaForex Company – www.instaforex.com

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