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 16:00:02 source:Stellar Spotlight 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
  • Shooting injures 2 at Missouri high school graduation ceremony
  • Arkansas teen held on murder charge after fatal shooting outside party after high school prom
  • Nearly 100 Belarus political prisoners have severe medical problems, rights group says
  • Victoria Beckham and her lookalike sister Louise Adams pose arm
  • What's next for Iran after death of its president in crash?
  • The Guess Who and B.T.O. rocker Randy Bachman has prized instruments up for auction
  • Driver arrested for drug driving after plowing through classroom wall in Liverpool
  • 3 Germans arrested on suspicion of spying for China, transferring info on potential military tech
Recommended content
  • Who is Jacob Zuma, the former South African president disqualified from next week's election?
  • The US is expected to block aid to an Israeli military unit. What is Leahy law that it would cite?
  • Nearly 80 die in 3 weeks at Myanmar refugee camps: aid workers — Radio Free Asia
  • Russia convicts the spokesperson for Facebook owner Meta in a swift trial in absentia
  • The unstoppable duo of Emma Stone and Yorgos Lanthimos
  • David Beckham's best pal Dave Gardner reveals guests at Victoria's star