Ministry of Finance: from January to May, the income from the transfer of state-owned land use rights fell by 1.4893 trillion yuan compared with the same period last year.

[Ministry of Finance: revenue from the transfer of state-owned land use rights from January to May dropped by 1.4893 trillion yuan compared with the same period last year] the Ministry of Finance released the fiscal revenue and expenditure in May 2023, which accumulated from January to May, and the budget income of the national government fund was 1.8657 trillion yuan, down 15% from the same period last year. According to the central and local governments, the budgetary income of the central government fund was 160.6 billion yuan, an increase of 9.4% over the same period last year; the budget income of the local government fund was 1.7051 trillion yuan, down 16.7% from the same period last year, of which the income from the transfer of state-owned land use rights was 1.4893 trillion yuan, down 20% from the same period last year.