China June fiscal revenues rise 5.3% y/y, excluding VAT credit rebates

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BEIJING : China's fiscal revenues rose 5.3 per cent in June from a year earlier, after excluding the impact from VAT credit rebates, the finance ministry said on Thursday.For the first half of the year, fiscal revenues increased 3.3 per cent after deducting the impact from tax credit rebates, while fiscal

BEIJING : China's fiscal revenues rose 5.3 per cent in June from a year earlier, after excluding the impact from VAT credit rebates, the finance ministry said on Thursday.

For the first half of the year, fiscal revenues increased 3.3 per cent after deducting the impact from tax credit rebates, while fiscal expenditures rose 5.9 per cent.

 

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