Data dump – government revenues
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On Monday, the Ministry of Finance dropped fiscal data for Jan-Apr.
The headlines:
Total government outlays for Jan-Apr were RMB 6.21 trillion – down 14.5% y/y.
Total fiscal revenues for Jan-Apr were RMB 5.31 trillion – down 16.7% y/y.
Some details:
Total value-added tax revenues for Jan-Apr were...