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2026/04/06
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Latest News:
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Latest News:
Masam removes 1,231 landmines in one week planted by Houthi Militias
Vice Foreign Minister meets with Russian Ambassador
Cabinet approves establishing directorate for injured soldiers
PLC Member al-Subaihi stresses importance of integrating cultural heritage protection plans with tourism ..
Minister of Youth discusses ways to enhance cooperation with Russian Counterpart
China's fiscal expenditure increases 3.4 pect in H1
[26/07/2025 06:19]
BEIJING-SABA
China's fiscal expenditure expanded 3.4 percent year-on-year, reaching nearly 14.13 trillion yuan (about 1.98 trillion US dollars) during the first half of 2025.
The Chinese Ministry of Finance stated in a statement published by the Chinese news agency (Xinhua) that financial expenditure on social security and employment rose by 9.2 percent year-on-year during the period between January and June.
According to the statement, fiscal spending on science and technology increased by 9.1 percent year-on-year, while spending on education and health rose by 5.9 percent and 4.3 percent, respectively.
The country's financial revenues declined by 0.3 percent year-on-year to approximately 11.56 trillion yuan during the first half of the current year.
The data showed that the central government collected approximately 4.86 trillion yuan in financial revenue, a decrease of 2.8 percent year-on-year, while local governments collected about 6.7 trillion yuan, an increase of 1.6 percent year-on-year.
China's fiscal expenditure expanded 3.4 percent year-on-year, reaching nearly 14.13 trillion yuan (about 1.98 trillion US dollars) during the first half of 2025.
The Chinese Ministry of Finance stated in a statement published by the Chinese news agency (Xinhua) that financial expenditure on social security and employment rose by 9.2 percent year-on-year during the period between January and June.
According to the statement, fiscal spending on science and technology increased by 9.1 percent year-on-year, while spending on education and health rose by 5.9 percent and 4.3 percent, respectively.
The country's financial revenues declined by 0.3 percent year-on-year to approximately 11.56 trillion yuan during the first half of the current year.
The data showed that the central government collected approximately 4.86 trillion yuan in financial revenue, a decrease of 2.8 percent year-on-year, while local governments collected about 6.7 trillion yuan, an increase of 1.6 percent year-on-year.
Key words:
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