China's Ministry of Finance reports that general public budget revenue in January-April fell 0.4% year-on-year

On the 20th, the Ministry of Finance released the income and expenditure status of the national general public budget (equivalent to general account) for January to April of this year. According to the information released, the national general public budget revenue for January to April was 0.
The decline was 0.7 percentage points smaller than in the first quarter (January to March).
Looking at tax revenues from the general public budget, tax revenues in April increased 1.9% from the previous month.
The equipment manufacturing industry maintained high growth, with tax revenues from the railway, ship, aviation, and space equipment manufacturing industry increasing by 33.2% year-on-year, and the computer and communications equipment manufacturing industry increasing by 6.8% year-on-year.
As the scope of consumer goods replacement policies was expanded, demand for culture and travel increased, leading to an 8.6% increase in tax revenue from the culture, sports, and entertainment industries.
"New quality productivity" (high technology, high efficiency, high quality) has been strengthened, and the development of the digital economy has gained momentum.
Tax revenues from the scientific and technical services industry increased by 12.2% year-on-year, while scientific research and technology services increased by 12.7% year-on-year. Meanwhile, national general public budget expenditures for the first four months of the year increased 4.6% year-on-year to 9.358 trillion yen.
100 million former (approximately 186.1 trillion yen). Of this, social security and employment-related expenditures increased by 8.5%, education-related expenditures increased by 7.4%, health-related expenditures increased by 3.9%, and science and technology-related expenditures increased by 3.
spending on the commercial and service industry increased by 29.5%, while spending on culture, tourism, sports and the media increased by 3.2%, and spending on the commercial and service industry increased by 29.5%.