China's public budget revenue increased by 6.2% in the first quarter.

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      China's Ministry of Finance said Tuesday that in the first quarter, the national fiscal revenue was running smoothly, the central and local revenue maintained a small growth, and the macroeconomic operation remained generally stable. From January to March, the cumulative revenue of the national general public budget increased by 6.2% and the expenditure of the general public budget increased by 15%.
Li Dawei, deputy inspector of the Treasury Department of the Ministry of Finance, said at a routine press conference that overall, the growth rate of fiscal revenue in the first quarter remained within a reasonable range, indicating that the overall economic operation remained stable and progressive; tax revenue in five key industries, including manufacturing, finance and real estate, increased by 10.9% year-on-year; non-tax revenue increased as a whole, but revenue related to the fee reduction policy continued to decline. Less.
"I believe that with the obvious reduction of the burden on enterprises and the enhancement of the stability of macroeconomic operation, the expected target of fiscal revenue growth for the whole year is expected to be achieved."
According to this year's budget report, the national budget revenue and expenditure increased by 5% and 6.5% respectively. The scale of tax reduction and fee reduction in the whole year is as high as 2 trillion yuan.


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