China's Ministry of Finance reports that general public budget revenue for January-May was 9.6912 trillion yen... down 2.8% year-on-year - Chinese media

China's Ministry of Finance has announced the income and expenditure situation of the national general public budget (equivalent to the general account) for January to May 2024. According to the Ministry of Finance, the national general public budget revenue for January to May this year was 1.1% lower than the previous year.
The figure was 9.6912 trillion yen (approximately 213.2 trillion yen), down 2.8% 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 divided into central and local governments, the general public budget revenue of the central government will decrease by 6.7% year-on-year to 4.2778 trillion yen (about 94 trillion yen), while the general public budget revenue of the local governments will decrease by 1.2% year-on-year to 1.278 trillion yen (about 1.27 trillion yen).
Public budget revenues increased by 0.5% year-on-year to 5.4134 trillion yen (approximately 119 trillion yen). In addition, national tax revenues were 8.462 trillion yen (approximately 177 trillion yen), a decrease of 5.1% year-on-year.
If special factors are excluded, the increase would be around 0.5%. Non-tax revenue increased by 10.3% year-on-year to 1.645 trillion yen (approximately 36.19 trillion yen).
On the other hand, national general public budget expenditures for January to May increased 3.4% year-on-year to 10.8359 trillion yen (approximately 238.4 trillion yen).
Of this, central government general public budget expenditures increased 10.2% year-on-year to 1.4429 trillion yen (approximately 31.75 trillion yen), while local government general public budget expenditures increased 2.4% year-on-year to 9.393 trillion yen.
0 billion (approximately 206.7 trillion yen).