(MENAFN) China's fiscal revenue grew 9.1 percent annually in November to reach USD162.6 billion, down from 9.4 percent growth recorded in October, according to the Ministry of Finance, QNA reported.
Central government revenue posted USD78.26 billion, up 12.1 percent annually, while local government revenue stood at USD83.98 billion, up 6.4 percent compared to the same period last year.
The ministry attributed the growth of the central government's revenue to the rise in revenue collected from financial institutions, local media reported.
However, during the first eleven months, national fiscal revenue grew 8.3 percent to USD2.11 trillion. The central government fiscal revenue improved 7 percent annually as well, while local government revenue increased 9.5 percent.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.