China’s January-September fiscal revenue up 5.1% y/y

BEIJING, Oct 23 (Reuters) China s fiscal revenue increased 5.1% in the first nine months of 2026 from a year earlier, ​following a gain of 5.7% in ‌the January-August period, the finance ministry said on Friday. In the January-September period, fiscal revenue totalled 17.2 trillion yuan ($2.58 trillion), with tax revenue growing 6.1% year-on-year and ‌non-tax ​revenue expanding 1.2%. Fiscal expenditure ⁠was up 1.0% on ⁠the year in the period, slowing from a rise of 1.2% in the first eight months. China has accelerated local special bond ​issuance this year and plans to front-load part of its 2027 quota, finance ministry ⁠official Zhao Zeyong told ⁠a press conference on Friday. Net special ​bond issuance from January to September reached 3.56 ​trillion yuan, accounting for 81% of the ‌annual quota, and issuance for September was at 633.5 billion yuan, up by 214.8 billion yuan from the same month last year, ⁠Zhao said. Revenue from government land sales fell 27.9% on the year for the p