East China’s Jiangsu province reported a year-on-year growth of 24.7% in its fiscal revenue in the first four months of this year, thanks to the stimulation of economic recovery and the continuing trend of the rapid growth in the first quarter.
Statistics show that in the first four months of this year, Jiangsu posted 384.1 billion yuan in its general public budget revenue, an increase of 24.7% from a year ago and averaging 7.2% on a two-year basis.
Jiangsu registered tax revenue of 324 billion yuan, accounting for 84.3% of the fiscal revenue during the four-month period and translating into an average increase of 6.4% on a two-year basis.
The double-digit growth of value-added tax, corporate income tax and personal income tax reflects the continuous improvement of corporate profits and residents' income, further consolidating the market recovery and the momentum of economic improvement have been.
In the first 4 months, Jiangsu registered general public budget expenditures of 456.8 billion yuan, an increase of 5.5%. expenditures on education, social security and employment and health increased by 10.1%, 18.2% and 16.2% year on year.
