Ministry of Finance: National general public budget revenue in the first quarter decreased by 6018.9 billion yuan year-on-year

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

  1. 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:

  1. Domestic value-added tax was RMB 2046.7 billion, an increase of 2.1% year-on-year.
  2. Domestic consumption tax was 522.2 billion yuan, an increase of 2.2% year-on-year.
  3. Corporate income tax was 1098 billion yuan, a year-on-year decrease of 6.8%.
  4. Personal income tax was 454 billion yuan, an increase of 7.1% year-on-year.
  5. 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.
  6. Export tax rebate was 754.9 billion yuan, an increase of 14% year-on-year.
  7. Urban maintenance and construction tax was 141.8 billion yuan, an increase of 2.4% year-on-year.
  8. Vehicle purchase tax was 50.6 billion yuan, a year-on-year decrease of 27.6%.
  9. 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.
  10. Resource tax was 72.4 billion yuan, a year-on-year decrease of 2.6%.
  11. The deed tax was 127.2 billion yuan, a year-on-year decrease of 15.8%.
  12. Property tax was 120.2 billion yuan, an increase of 14.3% year-on-year.
  13. Urban land use tax was 65.4 billion yuan, an increase of 5.7% year-on-year.
  14. Land value-added tax was RMB 149.8 billion, a year-on-year decrease of 17.4%.
  15. The tax on arable land occupation was 49.1 billion yuan, a year-on-year decrease of 1.6%.
  16. Environmental protection tax was 7 billion yuan, an increase of 18.1% year-on-year.
  17. 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:

  1. Education expenditure was 1124.9 billion yuan, an increase of 7.8% year-on-year.
  2. Science and technology expenditure was 200.1 billion yuan, an increase of 3.3% year-on-year.
  3. Spends on culture, tourism, sports and media were 84.4 billion yuan, an increase of 3.9% year-on-year.
  4. Social security and employment expenditure was 1357 billion yuan, an increase of 7.9% year-on-year.
  5. Health expenditure was 584.8 billion yuan, an increase of 2.2% year-on-year.
  6. Energy conservation and environmental protection expenditure was 130.2 billion yuan, an increase of 6.5% year-on-year.
  7. Urban and rural community expenditure was 538.4 billion yuan, a year-on-year decrease of 4.1%.
  8. Agricultural, forestry and water expenditure was 488.2 billion yuan, a year-on-year decrease of 5.8%.
  9. Transport expenditure was 306.9 billion yuan, a year-on-year decrease of 1.8%.
  10. 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

Comment

Dedicated to interviewing and publishing global news events.