China's fiscal budget well implemented in 2023
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
Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
GENEVA (AP) — Young Boys sealed its sixth Swiss league title in seven years by winning at Servette 12024-05-21Coronel has 3 saves, first shutout of season, Red Bulls and Fire tie 0
HARRISON, N.J. (AP) — Carlos Coronel had three saves and recorded his first shutout of the season to2024-05-21Homicide suspect kills himself after fleeing through 3 states, authorities say
CUSTER, S.D. (AP) — Authorities said they’re investigating a case of domestic violence that ended wi2024-05-21Day 3 of the Masters at a glance
AUGUSTA, Ga. (AP) — A brief look at Saturday at the Masters, where the wind settled down but the cou2024-05-21Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons
WASHINGTON (AP) — The Supreme Court on Monday declined, for now, to hear a challenge to a Maryland l2024-05-21Nicolai Hojgaard goes from late third
AUGUSTA, Ga. (AP) — They say the Masters doesn’t start until the back nine on Sunday. For Nicolai Ho2024-05-21
atest comment