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
What to listen for during Supreme Court arguments on Donald Trump and presidential immunity
WASHINGTON (AP) — The Supreme Court hears arguments Thursday over whether Donald Trump is immune fro2024-04-25- PHILAELPHIA (AP) — Alec Bohm’s first homer of the game was hit the opposite way into the right-field2024-04-25
Justin Verlander allows 2 runs over 6 innings in season debut for Astros in 5
WASHINGTON (AP) — Justin Verlander allowed two runs and four hits over six innings to win his season2024-04-25Big Brother 'forced to DEMOLISH iconic house due to drunken chaos and failed James Bond twist'
Big Brother bosses are reportedly being forced to dismantle and move the iconic house to a new locat2024-04-25Russia likely to veto a UN resolution calling for prevention of nuclear arms race in space
UNITED NATIONS (AP) — The U.N. Security Council is set to vote Wednesday on a resolution sponsored b2024-04-25Maine gun store owner adopts calf that was rejected by its mother and left alone in the woods
A Maine gun store has taken in a calf that was shunned by its mother in a bizarre animal adoption.Ad2024-04-25
atest comment