Ministry of Finance: National tax revenue in the first quarter was 4.85 trillion yuan, a year-on-year increase of 2.2%.

On April 24th, Wang Jianxun, director of the National Treasury Payment Center of the Ministry of Finance, stated at a press conference that the national tax revenue in the first quarter reached 4.85 trillion yuan, a year-on-year increase of 2.2%. Looking at different types of taxes, domestic value-added tax increased by 4.9%, mainly driven by factors such as the narrowing of the decline in factory prices for industrial producers.