China's fiscal revenue falls 1.6% in January-February

BEIJING, March 24 (Reuters) - China's fiscal revenue fell 1.6% in the January-February period from a year earlier, finance ministry data showed on Monday, reversing a 1.3% increase in the whole of 2024.

Fiscal expenditure rose 3.4% in the first two months in 2025, slowing from a 3.6% increase in 2024.

China's top leaders have pledged to adopt a more proactive fiscal policy this year, including a larger budget deficit ratio at around 4% of economic output, to boost domestic consumption and cushion the impact of an escalating trade war with the United States.