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:
Related suggestion:
Government's transport plan costly to society and climate, 88 academics warnChristopher Luxon arrives in Wellington ahead of potential coalition announcementJudith Collins picks up raft of ministerial positions in new governmentMore videos of Kiwi hostage Philip Mehrtens in Papua warn against Indonesian military air strikesPublic sector workers 'angry, annoyed' at government job cutsJudge agrees to reduce Trump fraud bondPublic sector workers 'angry, annoyed' at government job cutsGovernment's targets: 'Where is the action behind these?'Russia, Kazakhstan floods: High water levels swamp Orenburg housesWorld Court orders Israel to halt Gaza famine; Hamas says ceasefire needed
0.1491s , 6575.328125 kb
Copyright © 2024 Powered by China reports general public budget spending near 7 tln yuan in Q1 ,Culture Corner news portal