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China's July fiscal spending pace slows, but revenues rise

Reuters  |  BEIJING 

BEIJING (Reuters) - China's fiscal spending rose at a slower pace in July due mainly to larger expenditure earlier, but a government-led infrastructure push has kept spending brisk this year.Fiscal spending in July rose 5.4 percent from a year earlier while revenue increased 11.1 percent, the Ministry of Finance said in a statement on its website on Friday.July's growth rate dropped sharply from 19.1 percent in June, although revenue growth rose from 8.9 percent in that month, the ministry said.The government attributed the slowdown in July spending mainly to significant expenditure ...

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First Published: Fri, August 11 2017. 11:58 IST