In January-April, China's budget revenues grew by 12.9%

For the period from January to April 2018, China's budget revenues increased by 12.9% year-on-year to 6.9 trillion yuan, the country's Finance Ministry said. Revenues from goods and services collection increased by 18.4%, corporate income tax - by 13%. Budget expenditures increased in annual terms by 10.3% to 6.6 trillion yuan. The growth of expenses for social security and unemployed people made up 10.9%, for education - 7.1%. In April, the Chinese budget revenues grew by 11%. Tax revenues increased by 14.6%, while non-tax revenues decreased by 12.9%. Expenses of the budget in April increased by 8.2%.

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