On April 18, data from the Ministry of Finance showed that in the first quarter, the national general public budget revenue was 6018.9 billion yuan, a year-on-year decrease of 1.1%. Among them, the national tax revenue was 4745 billion yuan, a year-on-year decrease of 3.5%; non-tax revenue was 1273.9 billion yuan, a year-on-year increase of 8.8%. By the central and local perspectives, the central general public budget revenue was 2433.2 billion yuan, a year-on-year decrease of 5.7%; the local general public budget revenue at the same level was 358.57 billion yuan, a year-on-year increase of 2.2%.
The full text is as follows:
Fiscal revenue and expenditure in the first quarter of 2025
- Revenue and expenditure of the national general public budget
(I) General public budget revenue situation.
In the first quarter, the national general public budget revenue was 6018.9 billion yuan, a year-on-year decrease of 1.1%. Among them, the national tax revenue was 4745 billion yuan, a year-on-year decrease of 3.5%; non-tax revenue was 1273.9 billion yuan, a year-on-year increase of 8.8%. By the central and local perspectives, the central general public budget revenue was 2433.2 billion yuan, a year-on-year decrease of 5.7%; the local general public budget revenue at the same level was 358.57 billion yuan, a year-on-year increase of 2.2%.
The main tax revenue items are as follows:
- Domestic value-added tax was RMB 2046.7 billion, an increase of 2.1% year-on-year.
- Domestic consumption tax was 522.2 billion yuan, an increase of 2.2% year-on-year.
- Corporate income tax was 1098 billion yuan, a year-on-year decrease of 6.8%.
- Personal income tax was 454 billion yuan, an increase of 7.1% year-on-year.
- Value-added tax and consumption tax of imported goods were 406.4 billion yuan, a year-on-year decrease of 8.7%. Tariffs were RMB 48.3 billion, down 14.8% year-on-year.
- Export tax rebate was 754.9 billion yuan, an increase of 14% year-on-year.
- Urban maintenance and construction tax was 141.8 billion yuan, an increase of 2.4% year-on-year.
- Vehicle purchase tax was 50.6 billion yuan, a year-on-year decrease of 27.6%.
- Stamp duty was 107.5 billion yuan, an increase of 21.1% year-on-year. Among them, the stamp duty for securities transactions was 41.1 billion yuan, an increase of 60.6% year-on-year.
- Resource tax was 72.4 billion yuan, a year-on-year decrease of 2.6%.
- The deed tax was 127.2 billion yuan, a year-on-year decrease of 15.8%.
- Property tax was 120.2 billion yuan, an increase of 14.3% year-on-year.
- Urban land use tax was 65.4 billion yuan, an increase of 5.7% year-on-year.
- Land value-added tax was RMB 149.8 billion, a year-on-year decrease of 17.4%.
- The tax on arable land occupation was 49.1 billion yuan, a year-on-year decrease of 1.6%.
- Environmental protection tax was 7 billion yuan, an increase of 18.1% year-on-year.
- The total revenue of other taxes such as vehicle and ship tax, ship tonnage tax, tobacco leaf tax, etc. was 33.3 billion yuan, an increase of 1.7% year-on-year.
(II) General public budget expenditure.
In the first quarter, the national general public budget expenditure was 7281.5 billion yuan, an increase of 4.2% year-on-year. By the central and local perspectives, the central general public budget expenditure at the same level was 871.7 billion yuan, an increase of 8.9% year-on-year; the local general public budget expenditure was 640.98 billion yuan, an increase of 3.6% year-on-year.
The main expenditure accounts are as follows:
- Education expenditure was 1124.9 billion yuan, an increase of 7.8% year-on-year.
- Science and technology expenditure was 200.1 billion yuan, an increase of 3.3% year-on-year.
- Spends on culture, tourism, sports and media were 84.4 billion yuan, an increase of 3.9% year-on-year.
- Social security and employment expenditure was 1357 billion yuan, an increase of 7.9% year-on-year.
- Health expenditure was 584.8 billion yuan, an increase of 2.2% year-on-year.
- Energy conservation and environmental protection expenditure was 130.2 billion yuan, an increase of 6.5% year-on-year.
- Urban and rural community expenditure was 538.4 billion yuan, a year-on-year decrease of 4.1%.
- Agricultural, forestry and water expenditure was 488.2 billion yuan, a year-on-year decrease of 5.8%.
- Transport expenditure was 306.9 billion yuan, a year-on-year decrease of 1.8%.
- Debt interest payment expenditure was 285.6 billion yuan, an increase of 18% year-on-year.
2. National government fund budget revenue and expenditure
(1) Government fund budget revenue situation.
In the first quarter, the national government fund budget revenue was 924.7 billion yuan, a year-on-year decrease of 11%. By the central and local perspectives, the central government fund budget revenue was 108.6 billion yuan, an increase of 6% year-on-year; the local government fund budget revenue was 816.1 billion yuan, a decrease of 12.9% year-on-year, of which the revenue from state-owned land use rights transfer was 684.9 billion yuan, a decrease of 15.9% year-on-year.
(2) Government fund budget expenditure.
In the first quarter, the national government fund budget expenditure was 1976.9 billion yuan, an increase of 11.1% year-on-year. By the central and local perspectives, the expenditure of the central government fund budget at the same level was 57.9 billion yuan, an increase of 67.6% year-on-year; the expenditure of the local government fund budget was 1919 billion yuan, an increase of 10% year-on-year, of which the expenditure related to the transfer of state-owned land use rights was 108.79 billion yuan, a decrease of 11% year-on-year.
Release date: April 18, 2025
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