China's general public budget revenue down 2.7% in Jan-April

0 Comment(s)Print E-mail Xinhua, May 20, 2024
Adjust font size:

China's general public budget revenue dropped 2.7 percent year on year to 8.09 trillion yuan (about 1.14 trillion U.S. dollars) in the first four months of 2024, according to the Ministry of Finance.

The central government collected 3.53 trillion yuan in revenue, down 6.2 percent year on year, while local governments saw revenue edge up 0.1 percent to 4.57 trillion yuan.

Tax revenue totaled 6.69 trillion yuan during the January-April period, down 4.9 percent year on year.

Data from the ministry also shows that general public budget spending expanded 3.5 percent year on year to 8.95 trillion yuan during the period.

General public budget revenue refers to income for government finance through participation in the distribution of social products. It is the financial guarantee to ensure the functioning of government.

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from