China's fiscal revenue increased in the first quarter of the year as the broader economy shows signs of stabilizing, official data showed on April 14.
Fiscal revenue rose 14.1 percent year on year to 4.44 trillion yuan (around 644.6 billion US dollars) during the first three months this year, according to the Ministry of Finance.
The central government collected 2.02 trillion yuan in fiscal revenue, up 17.1 percent year on year, while local governments saw fiscal revenue rise 11.7 percent to 2.42 trillion yuan.
Tax collected from the secondary industry grew by 15.7 percent, while tax from the tertiary industry rose 12.2 percent.
The ministry attributed the rapid growth to rising prices at the factory gate, a firming economy, and recovering exports and imports.
In the first quarter, fiscal spending surged 21 percent year on year to 4.59 trillion yuan.



