Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap China reports general public budget spending near 7 tln yuan in Q1 !

China reports general public budget spending near 7 tln yuan in Q1

Time:2024-04-25 22:22:31 source:Universal Unfoldings news portal

BEIJING, April 22 (Xinhua) -- China's general public budget spending expanded 2.9 percent year on year to nearly 7 trillion yuan (about 985 billion U.S. dollars) in the first quarter of 2024, according to a Monday press conference.

Various sectors registered relatively fast growth in fiscal spending, including those related to agriculture, forestry and water conservancy, which saw 13.1 percent growth. Sectors related to urban and rural communities also saw accelerated fiscal spending growth, reporting a 12.1 percent figure, as did those related to housing guarantees, which saw 7.8 percent growth. Social security and employment sectors saw fiscal spending growth of 3.7 percent, and education sectors reported growth of 2.5 percent, Vice Minister of Finance Wang Dongwei told the press conference.

Official data also shows that the country's general public budget revenue decreased 2.3 percent year on year to 6.09 trillion yuan in the first quarter.

In this year's government work report, the country has pledged to continue implementing a proactive fiscal policy and a prudent monetary policy in 2024. 

(Editor:Fu Bo)

Related information
  • Chicago 'rat hole' has been removed
  • Olivier Awards 2024: Beaming Sarah Snook reunites with Succession co
  • China's securities regulator tightens delisting regulation
  • Mainland ready to aid disaster relief after Taiwan earthquake: spokesperson
  • Dansby Swanson homers as the short
  • Tokyo raises alarm as deadly bacterial infection cases surge: media
  • It's been quite a year for this royal relative, who became a dad, wrote a book inspired by a much
  • China unveils plan to promote trade
Recommended content
  • Why AP called the Pennsylvania 12th District primary for Summer Lee
  • NetEase Inc renews game partnership with Blizzard
  • Teresa Giudice rocks pink
  • China to further boost employment
  • Microsoft and Amazon face scrutiny from UK competition watchdog over recent AI deals
  • China unveils plan to promote trade