China's Ministry of Finance: General public budget revenue for January-April 2024 to be 8.926 trillion yen...down 2.7% year-on-year

China's Ministry of Finance has revealed the income and expenditure situation of the national general public budget (equivalent to general account) for January to April 2024. According to the Ministry of Finance, the national general public budget revenue for January to April this year was
The figure was 8.926 trillion yen (approximately 178.75 trillion yen), down 2.7% from the same period last year. This was due to the payment of taxes deferred for small and medium-sized enterprises in the same period last year and the introduction of tax cuts in the middle of the previous year.
If these special factors are excluded, the increase will be about 2%. If we divide it into central and local governments, the central government's general public budget revenue will decrease by 6.2% year-on-year to 3.525 trillion yen (approximately 77.87 trillion yen).
Local government general public budget revenues increased 0.1% to 4.5676 trillion yen (approximately 101 trillion yen). Tax revenues decreased 4.9% to 6.6938 trillion yen (approximately 147.89 trillion yen).
), but excluding special factors, the increase would be about 0.5%. Non-tax revenue increased by 9.4% to 1.3988 trillion yen (about 30.9 trillion yen).
Meanwhile, general public budget expenditures nationwide from January to April this year increased 3.5% year-on-year to 8.9483 trillion yen (approximately 197.7 trillion yen).
Of these, central government general public budget expenditures increased by 10.5% year-on-year to 1.1268 trillion yen (approximately 24.89 trillion yen), while local government general public budget expenditures increased by 2.6% year-on-year to 7.8215 trillion yen (approximately 172.79 trillion yen).
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