5 months ago
China's general budget expenditure up 2% in H1
China DailyChinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. China's general public budget expenditure saw a year-on-year increase of 2 percent in the first six months of 2024, data from the Ministry of Finance showed on Monday. According to the ministry, the country's general public budget expenditure amounted to nearly 13.66 trillion yuan during the period. Meanwhile, the country's general public budget revenue fell slightly by 2.8 percent year-on-year to 11.59 trillion yuan in the first half, said the ministry. In addition, the budget revenue and expenditure of government-managed funds dropped by 15.3 percent and 17.6 percent, respectively, in the first six months from a year earlier, said the ministry.
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