China reports general public budget spending near 7 tln yuan in Q1
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 articles
UN calls for probe into mass graves at Shifa and Nasser hospitals in Gaza
UNITED NATIONS (AP) — The United Nations called Tuesday for “a clear, transparent and credible inves2024-04-26Academicians vow greater contributions
New academicians Chen Chunying, Yan Ning and Duan Huiling (front from left) take a group photo after2024-04-26France guarantees right of abortion
France made history on Monday by becoming the first country in the world to enshrine abortion rights2024-04-26Chinese vice premier stresses timely delivery of homes to buyers
ZHENGZHOU, April 14 (Xinhua) -- Active financing support should be extended to compliant real estate2024-04-26- OWINGS MILLS, Md (AP) — The Baltimore Ravens gave wide receiver Rashod Bateman a two-year contract e2024-04-26
Top court: Trump will stay on ballot in Colorado
The U.S. Supreme Court on Monday unanimously ruled that former President Donald Trump can't be exclu2024-04-26
atest comment