Beijing’s general public budget revenue has got 222.07 billion yuan (34.99 billion U.S. dollars) in the first four months of 2018, up 6.4 percent year on year, according to Beijing Municipal Bureau of Finance on May 10, 2018.
Among main revenue items, individual income tax has totaled 30.6 billion yuan in the first four months, an increase of 16.3 percent year on year and its double digit increase rate topped that of the other taxes.
Besides, added-value tax, the largest type of tax, has collected 68.82 billion yuan, a steady rise of 9.3 percent compared with the previous year, while corporate income tax has received 44.34 billion yuan, down 3.6 percent year on year, with the decline rate narrowing 2.2 percentages than that of the first quarter.
In terms of spending, the general public budget expenditure of the four months has amounted to 246.22 billion yuan, a rise of 10.2 percent compared with the previous year.
Of the total, 36.04 billion yuan has gone for social security and employment, 33.79 billion yuan for education and 22.09 billion yuan for science and technology.
Public security, and energy conservation and environmental protection have occupied 18.55 billion yuan and 9.13 billion yuan respectively.