Fiscal Revenue To Grow Faster In Q2 - Treasury Expert

China’s fiscal revenue will grow faster in Q2 as the economic rebound gathers momentum, according to Xue Qian, deputy director at the National Treasury Payment Center. Recent data from the Ministry of Finance showed public expenditure for Q1 was up 6.8% y/y, while revenues gained 0.5% y/y. Other experts expect special-bond issuance to accelerate in Q2 and Q3, as construction enters peak season. Q1 expenditure grew quickly as fiscal policy was active and now the government should stimulate growth through releasing institutional dividends from supply side structural reforms, said Tian Lihui, dean at the Financial Development Research Institute of Nankai University. (Source: Securities Daily)