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Beijing, May 21 (QNA) – China’s fiscal revenue expanded 3.5% year on year to 8.34 trillion yuan (about $1.22 trillion) in the first four months of 2026, data from the Ministry of Finance showed on Wednesday.
The pace of growth picked up by 1.1% points compared with the first quarter of the year, pointing to a steady improvement in fiscal revenue performance, according to (Xinhua) News Agency.
In the first four months, the country’s tax revenue totaled 6.81 trillion yuan, up 3.9% year on year, with the growth rate 1.7% points higher than that in the first quarter.
The country’s fiscal expenditure climbed 1.3% year on year to 9.48 trillion yuan during the period. A breakdown of the data showed the central government’s fiscal expenditure rose 5.1%, while local government expenditure saw a 0.7% increase. (QNA)
