App

China's fiscal revenue down 0.3 pct in first 5 months
Updated: June 20, 2025 20:00 Xinhua

BEIJING, June 20 -- China's fiscal revenue edged down 0.3 percent year on year to over 9.66 trillion yuan (about 1.35 trillion U.S. dollars) in the first five months of the year, according to data from the Ministry of Finance that was released on Friday.

The central government collected nearly 4.15 trillion yuan in fiscal revenue, down 3 percent year on year, while local governments collected over 5.51 trillion yuan, up 1.9 percent year on year.

China's fiscal expenditure expanded 4.2 percent year on year to nearly 11.3 trillion yuan in the first five months. The central government's fiscal expenditure rose 9.4 percent year on year, and there was a 3.4 percent increase in local government expenditure during the same period.

Spending on education came in at approximately 1.75 trillion yuan, up 6.7 percent year on year. Science and technology expenditure exceeded 360.9 billion yuan, a 6.5 percent year-on-year increase. And spending on social security and employment topped 2 trillion yuan, up 9.2 percent year on year.

Copyright© www.gov.cn | About us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn

Website Identification Code bm01000001

Registration Number: 05070218