June 12, 2017 / 6:43 AM / a month ago

China May fiscal spending growth quickens to 9.2 pct y/y

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BEIJING, June 12 (Reuters) - Government spending in China increased 9.2 percent in May from a year earlier, while revenue rose 3.7 percent, the Ministry of Finance said on Monday.

Growth in spending quickened from 3.8 percent in April, while revenue growth declined from 7.8 percent in April.

Government spending in the first five months of the year rose 14.7 percent from a year earlier, while revenues increased 10 percent. (Reporting by Beijing Monitoring Desk; Editing by Kim Coghill)

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