Ministry of Finance: Securities transaction stamp duty reached 53.5 billion yuan from January to April, a year-on-year increase of 57.8%.
From January to April, the national general public budget revenue was 80,616 billion yuan, a year-on-year decrease of 0.4%.
On May 20th, the Ministry of Finance data showed that from January to April, the national general public budget revenue was 80,616 billion yuan, a year-on-year decrease of 0.4%. Among them, the national tax revenue was 65,556 billion yuan, a year-on-year decrease of 2.1%; non-tax revenue was 15,060 billion yuan, a year-on-year increase of 7.7%. In terms of central and local government, the central general public budget revenue was 33,928 billion yuan, a year-on-year decrease of 3.8%; local general public budget revenue was 46,688 billion yuan, a year-on-year increase of 2.2%. Stamp duty was 1,614 billion yuan, a year-on-year increase of 18.9%. Among them, securities transaction stamp duty was 535 billion yuan, a year-on-year increase of 57.8%.
Full text:
Fiscal revenue and expenditure in 2025 from January to April
I. National General Public Budget Revenue and Expenditure
1. General public budget revenue situation.
From January to April, the national general public budget revenue was 80,616 billion yuan, a year-on-year decrease of 0.4%. Among them, the national tax revenue was 65,556 billion yuan, a year-on-year decrease of 2.1%; non-tax revenue was 15,060 billion yuan, a year-on-year increase of 7.7%. In terms of central and local government, the central general public budget revenue was 33,928 billion yuan, a year-on-year decrease of 3.8%; local general public budget revenue was 46,688 billion yuan, a year-on-year increase of 2.2%.
The main tax revenue items are as follows:
1. Domestic value-added tax was 26,254 billion yuan, a year-on-year increase of 1.8%.
2. Domestic consumption tax was 6,502 billion yuan, a year-on-year increase of 1.8%.
3. Corporate income tax was 17,341 billion yuan, a year-on-year decrease of 3.1%.
4. Personal income tax was 5,376 billion yuan, a year-on-year increase of 7.4%.
5. Import value-added tax and consumption tax was 5,732 billion yuan, a year-on-year decrease of 6.5%. Customs duties were 686 billion yuan, a year-on-year decrease of 12.1%.
6. Export tax refund was 9,110 billion yuan, a year-on-year increase of 12.5%.
7. Urban Maintenance and Construction Tax was 1,891 billion yuan, a year-on-year increase of 2.8%.
8. Vehicle purchase tax was 677 billion yuan, a year-on-year decrease of 24.6%.
9. Stamp duty was 1,614 billion yuan, a year-on-year increase of 18.9%. Among them, securities transaction stamp duty was 535 billion yuan, a year-on-year increase of 57.8%.
10. Resource tax was 1,028 billion yuan, a year-on-year increase of 1.6%.
11. Deed tax was 1,618 billion yuan, a year-on-year decrease of 15.7%.
12. Property tax was 2,026 billion yuan, a year-on-year increase of 11.2%.
13. Urban land use tax was 1,011 billion yuan, a year-on-year increase of 4.8%.
14. Land value-added tax was 1,804 billion yuan, a year-on-year decrease of 16.1%.
15. Farmland occupation tax was 550 billion yuan, a year-on-year decrease of 0.1%.
16. Environmental protection tax was 120 billion yuan, a year-on-year increase of 14.8%.
17. Vehicle tax, vessel tonnage tax, tobacco tax, and other miscellaneous tax revenue totaled 436 billion yuan, a year-on-year increase of 0.8%.
II. National Governmental Fund Budget Revenue and Expenditure
1. Governmental fund budget revenue situation.
From January to April, the national governmental fund budget revenue was 12,586 billion yuan, a year-on-year decrease of 6.7%. In terms of central and local government, the central governmental fund budget revenue was 1,400 billion yuan, a year-on-year increase of 5.6%; local governmental fund budget revenue was 11,186 billion yuan, a year-on-year decrease of 8%, of which, state-owned land use rights transfer income was 9,340 billion yuan, a year-on-year decrease of 11.4%.
2. Governmental fund budget expenditure situation.
From January to April, the national governmental fund budget expenditure was 26,136 billion yuan, a year-on-year increase of 17.7%. In terms of central and local government, the central governmental fund budget expenditure was 769 billion yuan, a year-on-year increase of 75%; local governmental fund budget expenditure was 25,367 billion yuan, a year-on-year increase of 16.6%, of which, related expenditure of state-owned land use rights transfer revenue was 13,647 billion yuan, a year-on-year decrease of 8.4%.
This article is selected from the "official website of the Ministry of Finance"; edited by GMTEight: Huang Xiaodong.
Related Articles

Plaza Accord 2.0 is coming? Citigroup predicts that the US dollar will start a devaluation channel after the G7 meeting.

Xu Zhengyu: Make efforts from three perspectives to promote Hong Kong to become a world-class international capital market.

Vice Minister of Commerce and Deputy Representative for International Trade Negotiations, Ling Ji, meets with a delegation of 48 British companies.
Plaza Accord 2.0 is coming? Citigroup predicts that the US dollar will start a devaluation channel after the G7 meeting.

Xu Zhengyu: Make efforts from three perspectives to promote Hong Kong to become a world-class international capital market.

Vice Minister of Commerce and Deputy Representative for International Trade Negotiations, Ling Ji, meets with a delegation of 48 British companies.

RECOMMEND