BEIJING (Reuters) – China’s fiscal first quarter revenue fell 14.3 percent from a year earlier to 4.598 trillion yuan ($649.75 billion), the country’s finance ministry said on Monday, attributing the decline to the coronavirus outbreak and tax relief offered.
Fiscal expenditures for the January-March period fell 5.7% from a year earlier to 5.528 trillion yuan, the ministry said.
(Reporting by Kevin Yao; writing by Se Young Lee; Editing by Shri Navaratnam)
