China sees faster growth of fiscal revenue, spending in June

BEIJING — China's fiscal revenue and expenditure recorded faster growth in June, the Ministry of Finance (MOF) said Friday.

Fiscal revenue rose 8.9 percent year-on-year to 1.7 trillion yuan ($251.8 billion) last month, accelerating from the 3.7-percent growth in May, according to the MOF.

Fiscal expenditure surged 19.1 percent year-on-year to 2.7 trillion yuan, picking up speed from a 9.2-percent increase in May, the MOF data showed.