BEIJING, Oct 24 Reuters China39;s fiscal revenue grew 8.9 in the first nine months, decelerating from a 10 gain in JanuaryAugust, official data showed, as its economic recovery remained on shaky ground.

Fiscal revenue hit 16.67 trillion yuan 2.28 trillionduring JanuarySeptember, while fiscal expenditure rose 3.9 to 19.79 trillion yuan, data from the finance ministry showed on Tuesday.

In September alone, fiscal revenue fell 1.3 yearonyear, compared with a 4.6 fall in August, according to Reuters calculations based on the ministry39;s data.

Fiscal spending was up 5.2, cooling from a 7.2 rise in August.

Thanks to recent policy support, China39;s economy grew at a fasterthanexpected pace in the third quarter while September activity indicators largely surprised on the upside, though economists say there are still some significant weak spots, particularly in the property market, which remains in a deep contraction.

According to the National Bureau of Statistics, China could achieve its fullyear growth target of around 5 if fourth quarter gross domestic product GDP growth is above 4.4.

Various brokerages including JP Morgan and Nomura have lifted their forecast for China39;s 2023 economic growth.

Some government advisers are recommending China lift its 2024 budget deficit target beyond the 3 of GDP set for this year, which would allow Beijing to issue more bonds to revive the economy, policy insiders and economists have told Reuters.

1 7.3082 Chinese yuan renminbi…