Logo 11 Feb 2020

MoF drops fiscal stats

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On Monday, February 10, 2020, the Ministry of Finance released its 2019 fiscal revenue numbers.
The big news: The government missed its 2019 revenue targets.

Total revenues clocked in at RMB 19.04 trillion – up 3.8% y/y, but missing the target for 5% growth.
Central government revenues were up 4.5%...