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)
Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
Hanna and Haley Cavinder say they're returning for last season at Miami
Rybakina, Vondroušová into Stuttgart quarters while Jabeur out
Protesting Spanish professor 'warned university' over Confucius Institutes — Radio Free Asia
Republicans file lawsuit challenging Evers's partial vetoes to literacy bill
Former Wisconsin Democratic Rep. Peter Barca announces new bid for Congress
Depleted New Zealand batting first against Pakistan in T20
Paris Olympics opening ceremony on river Seine will last nearly 4 hours
Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy
China bans Uyghurs from using social media apps — Radio Free Asia