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National Fiscal Revenue Grows 5.1% Year-on-Year in First Three Quarters

On October 23, the Ministry of Finance released data indicating that fiscal revenue serves as a 'barometer' for economic performance. In the first three quarters of this year, fiscal revenue showed steady growth, with the national general public budget revenue reaching approximately 17.23 trillion yuan, a year-on-year increase of 5.1%, which is 0.4 percentage points higher than the growth rate in the first half of the year. Among this, national tax revenue was about 14.07 trillion yuan, marking a year-on-year increase of 6.1%, an increase of 0.8 percentage points compared to the first half of the year. In terms of fiscal expenditure, the general public budget expenditure for the first three quarters was approximately 21.02 trillion yuan, a year-on-year increase of 1%, with good support for spending related to human investment. (Xinhua News Agency)

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