In March, China’s fiscal revenue growth declined compared with the first two months of this year.

Reuters calculations based on data from China’s finance ministry reported on Wednesday, April 20, that fiscal revenues in March increased by 1.58 trillion yuan (244.8 billion dollars), or 3.42% year on year, after registering a 10.5% growth in January-February.

Meanwhile, fiscal spending growth last month was 2.54 trillion yuan (392 billion dollars), an increase of 10.4% from a year ago, higher than a 7.0% growth recorded over January and February.

Total fiscal revenue in the first quarter accelerated 8.6% to 6.20 trillion yuan (959 billion dollars), while spending climbed 8.3% to 6.36 trillion yuan (983 billion dollars).

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