Ministry of Finance: Securities transaction stamp duty in the first quarter was 41.1 billion yuan, an increase of 60.6% year-on-year.

On April 18, the Ministry of Finance announced the financial situation of the first quarter of 2025. In the first quarter, the total national general public budget revenue was 6.0189 trillion yuan, a decrease of 1.1% year-on-year. Among them, the national tax revenue was 4.745 trillion yuan, a decrease of 3.5% year-on-year; non-tax revenue was 1.2739 trillion yuan, an increase of 8.8% year-on-year. Stamp duty was 107.5 billion yuan, an increase of 21.1% year-on-year. Among them, securities trading stamp duty was 41.1 billion yuan, an increase of 60.6% year-on-year. The original text is as follows: Financial Situation of the First Quarter of 2025 I. National General Public Budget Revenue and Expenditure 1. General Public Budget Revenue In the first quarter, the total national general public budget revenue was 6.0189 trillion yuan, a decrease of 1.1% year-on-year. Among them, the national tax revenue was 4.745 trillion yuan, a decrease of 3.5% year-on-year; non-tax revenue was 1.2739 trillion yuan, an increase of 8.8% year-on-year. Looking at central and local levels, central general public budget revenue was 2.4332 trillion yuan, a decrease of 5.7% year-on-year; local general public budget revenue was 3.5857 trillion yuan, an increase of 2.2% year-on-year. The main tax revenue items are as follows: 1. Domestic value-added tax: 2.0467 trillion yuan, an increase of 2.1% year-on-year. 2. Domestic consumption tax: 522.2 billion yuan, an increase of 2.2% year-on-year. 3. Corporate income tax: 1.098 trillion yuan, a decrease of 6.8% year-on-year. 4. Personal income tax: 454 billion yuan, an increase of 7.1% year-on-year. 5. Import value-added tax and consumption tax: 406.4 billion yuan, a decrease of 8.7% year-on-year. Customs duties: 48.3 billion yuan, a decrease of 14.8% year-on-year. 6. Export tax rebates: 754.9 billion yuan, an increase of 14% year-on-year. 7. Urban maintenance and construction tax: 141.8 billion yuan, an increase of 2.4% year-on-year. 8. Vehicle purchase tax: 50.6 billion yuan, a decrease of 27.6% year-on-year. 9. Stamp duty: 107.5 billion yuan, an increase of 21.1% year-on-year. Among them, securities trading stamp duty: 41.1 billion yuan, an increase of 60.6% year-on-year. 10. Resource tax: 72.4 billion yuan, a decrease of 2.6% year-on-year. 11. Deed tax: 127.2 billion yuan, a decrease of 15.8% year-on-year. 12. Property tax: 120.2 billion yuan, an increase of 14.3% year-on-year. 13. Urban land use tax: 65.4 billion yuan, an increase of 5.7% year-on-year. 14. Land value-added tax: 149.8 billion yuan, a decrease of 17.4% year-on-year. 15. Arable land occupation tax: 49.1 billion yuan, a decrease of 1.6% year-on-year. 16. Environmental protection tax: 7 billion yuan, an increase of 18.1% year-on-year. 17. Vehicle tax, ship tonnage tax, tobacco tax and other various tax revenues totaled 33.3 billion yuan, an increase of 1.7% year-on-year. 2. General Public Budget Expenditure In the first quarter, the total national general public budget expenditure was 7.2815 trillion yuan, an increase of 4.2% year-on-year. Looking at central and local levels, central general public budget expenditure was 871.7 billion yuan, an increase of 8.9% year-on-year; local general public budget expenditure was 6.4098 trillion yuan, an increase of 3.6% year-on-year. The main expenditure items are as follows: 1. Education expenditure: 1.1249 trillion yuan, an increase of 7.8% year-on-year. 2. Science and technology expenditure: 200.1 billion yuan, an increase of 3.3% year-on-year. 3. Cultural, tourism, sports and media expenditure: 84.4 billion yuan, an increase of 3.9% year-on-year. 4. Social security and employment expenditure: 1.357 trillion yuan, an increase of 7.9% year-on-year. 5. Health expenditure: 584.8 billion yuan, an increase of 2.2% year-on-year. 6. Energy conservation and environmental protection expenditure: 130.2 billion yuan, an increase of 6.5% year-on-year. 7. Urban and rural community expenditure: 538.4 billion yuan, a decrease of 4.1% year-on-year. 8. Agriculture, forestry, and water expenditure: 488.2 billion yuan, a decrease of 5.8% year-on-year. 9. Transportation expenditure: 306.9 billion yuan, a decrease of 1.8% year-on-year. 10. Debt interest payment expenditure: 285.6 billion yuan, an increase of 18% year-on-year. II. National Government Fund Budget Revenue and Expenditure 1. Government Fund Budget Revenue In the first quarter, the total national government fund budget revenue was 924.7 billion yuan, a decrease of 11% year-on-year. Central government fund budget revenue was 108.6 billion yuan, an increase of 6% year-on-year; local government fund budget revenue was 816.1 billion yuan, a decrease of 12.9% year-on-year, of which state-owned land use right transfer revenue was 684.9 billion yuan, a decrease of 15.9% year-on-year. 2. Government Fund Budget Expenditure In the first quarter, the total national government fund budget expenditure was 1.9769 trillion yuan, an increase of 11.1% year-on-year. Central government fund budget expenditure was 57.9 billion yuan, an increase of 67.6% year-on-year; local government fund budget expenditure was 191.9 billion yuan, an increase of 10% year-on-year, of which related expenditure for state-owned land use right transfer revenue was 108.79 billion yuan, a decrease of 11% year-on-year. This article is compiled from the official website of the Ministry of Finance, translated by GMTEight, edited by Liu Jiayin.