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)
A look at the Gaza war protests that have emerged on US college campuses
'It has taken us time to explain to George, Charlotte and Louis
Never leave a man behind: Veterans join forces to give British spy a proper send
From gadget king to royal Luddite
Judge to probe corruption accusation against wife of Spain's leader filed by right
JAN MOIR: Why JK Rowling SHOULDN'T forgive the weaselly band
No one is above the law. Supreme Court will decide if that includes Trump while he was president
Ministry of Health proposes 134 job losses
Lithuanian soprano Asmik Grigorian makes belated Metropolitan Opera debut as Madame Butterfly
Lucas Tindall has inherited distinct expression from father Mike as these photos show..