BEIJING, March 7 (Xinhua) -- China's fiscal budget was well implemented in 2023 thanks to the upward trend in the Chinese economy, a report released by the Ministry of Finance showed on Thursday.
In 2023, China's fiscal revenue rebounded and the country strengthened fiscal support for major national strategic tasks and key areas such as science and technology, rural revitalization, and ecological and environmental protection, said the report.
Newly implemented measures led to tax refunds, tax and fee cuts, and deferrals amounting to 2.2 trillion yuan (309.85 billion U.S. dollars) last year, while subsidies timely channeled to support people in need totaled 156.68 billion yuan.
China will enhance the quality and efficiency of its fiscal policies in 2024, and efforts will be made to support the construction of modernized industrial systems, expansion of domestic demand, improvement of people's livelihoods, integrated development of rural and urban areas, coordinated development among different regions, and prevention and control of local government debt risks.
Related articles:
Related suggestion:
Podcast pick: The best audio show to listen to nowWho's a clever boy? Dogs excel in different intelligence tasksNHS waiting lists fall for fifth month in a row as Rishi Sunak says 'our plan is working'Sky is back online following a fiveChina's latest missile test raises the stakes for Biden's nuclear weapons reviewMy 'morning sickness' ended up being cancer: MotherMore than 200 US chemical plants must reduce toxic emissions under new EPA ruleI'm a security expertHow Los Angeles police are fighting back against organized retail theftChina's latest missile test raises the stakes for Biden's nuclear weapons review
2.5018s , 6515.90625 kb
Copyright © 2024 Powered by China's fiscal budget well implemented in 2023 ,World Wrap news portal