China's fiscal revenue and expenditure both dropped in the first quarter, dragged down by coronavirus, official data from the Ministry of Finance showed Monday.

Revenues in the first quarter fell 14.3 percent year-on-year to 4.6 trillion yuan (about 650.4 billion U.S. dollars), while expenditures went down 5.7 percent year-on-year to about 5.53 trillion yuan.

Tax revenue reached 392.9 billion yuan, down 16.4 percent year-on-year, while non-tax revenue was 695.5 billion yuan, up 0.1 percent year-on-year, official data showed.

Education, science and technology and culture and tourism expenditures dropped 7.1 percent, 26.4 percent and 8.9 percent year-on-year, respectively, in the first quarter. 

Meanwhile, health expenditure rose 4.8 percent to 497.6 billion yuan under the influence of the epidemic prevention and control.

China will introduce more fiscal support to stabilize the coronavirus-hit economy. The country's top economic planner, the National Development and Reform Commission, has rolled out targeted fiscal, financial and employment policies including tax cuts, increasing the issuance of special government bonds, and a larger budget.