(MENAFN- QNA) China's fiscal revenue rose 6.3% year on year to 995.3 billion yuan about (162.6 billion US dollars) in September, quickening from a 6.1% rise in August, the Chinese Ministry of Finance said.
Central government revenue reached 448.2 billion yuan, up 5.9% year on year, while local government revenue stood at 547.1 billion yuan, up 6.6% from the same period last year, according to China's (Xinhua) News Agency.
The pace of fiscal spending sped up. In September, national fiscal expenditures went up 9.1% to 1.4 trillion yuan, compared to the 6.2% increase in July.
In the first nine months, fiscal revenue rose 8.1% to 10.6 trillion yuan, according to the ministry.
In the Jan.-Sept. period, fiscal revenue collected by the central government fell short of the budgeted full-year growth rate of 7%, expanding 6% year on year to 4.96 trillion yuan, while revenue for local government increased 10.1% to 5.68 trillion yuan.
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