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:2024-05-21 09:51:47 source:Stellar Scope 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
  • Verona confirms Serie A status for another year after beating Salernitana
  • Kourtney Kardashian is 45! The reality TV star and wife of Travis Barker gets heart
  • With QB Cousins joining strong foundation on offense, Falcons may target edge rusher in NFL draft
  • Archie Cooley, the college football coach whose innovative offense launched Jerry Rice, has died
  • Dodgers acquire pitcher Yohan Ramírez from Mets for cash
  • Red Sox third baseman Rafael Devers has a bone bruise in his sore left knee
  • MLB suspends Pirates Aroldis Chapman, fines him for 'inappropriate actions'
  • Vikings have the 11th and 23rd picks in the NFL draft and a need for a QB. Can they get their guy?
Recommended content
  • Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer
  • Even with John Schneider still in charge a new era arrives for Seahawks entering 2024 NFL draft
  • Sydney Sweeney and Zendaya both wowed in Euphoria, so why are they treated so differently?
  • Saints enter the NFL draft with questions along the offensive line
  • Kristin Cavallari, 37, ignores critics of her age
  • Giants may consider QB in NFL draft as Daniel Jones recovers from ACL injury