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China's fiscal revenue slightly dropped in 2024, but spending increased, showing economic adjustment.
China's fiscal revenue saw a slight 0.6% drop year-on-year in the first 11 months of 2024, improving from a 1.3% decline in the first 10 months.
The central government's revenue fell by 2.5%, while local governments saw a 1.1% increase.
Overall fiscal spending rose by 2.8%, with the central government increasing its expenditure by 8.1% compared to a 1.9% rise for local governments.
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Los ingresos fiscales de China cayeron ligeramente en 2024, pero el gasto aumentó, mostrando un ajuste económico.