China's fiscal revenues grew 13.7 percent year-on-year to 1.04 trillion yuan ($165.10 billion) in October, the Ministry of Finance (MOF) said Wednesday.

In September, the country's fiscal revenues grew 11.9 percent year-on-year. The ministry attributed the higher growth rates in October to more tax revenues brought in by stabilizing economic growth.

During the first 10 months, the country's fiscal revenues grew by 11.2 percent from a year earlier. The growth rate was down 16.9 percentage points compared with the same period last year, the ministry said.

From January to October, tax revenues nationwide rose 9 percent year-on-year to 8.7 trillion yuan. The growth rate was down 17.6 percentage points from a year earlier.

The easing growth was affected by declining corporate income and producer prices, as well as structural tax reductions, the MOF said.

The country's fiscal expenditures totaled 9.3 trillion yuan in the first 10 months, up 19.6 percent from a year earlier.