China’s fiscal spending increased 0.8% year-on-year to CNY 11.39 trillion (USD 1.59 trillion) in the first five months of 2026. Central government expenditure rose 6.5% to CNY 1.68 trillion, while local government spending edged down 0.1% to CNY 9.71 trillion, indicating that fiscal support remained largely driven by the central government. Among major spending categories, healthcare outlays recorded the strongest growth, rising 11.3%, followed by social security and employment (+6.3%), debt interest payments (+5.1%), and science and technology (+0.9%). Meanwhile, expenditure declined on agriculture, forestry and water conservancy (-11.2%), energy conservation and environmental protection (-8.8%), culture, tourism, sports and media (-7.8%), transportation (-3.8%), urban and rural communities (-2.5%), and education (-0.5%). source: Ministry of Finance of the People's Republic of China

Fiscal Expenditure in China decreased to 19068 CNY Hundred Million in May from 20100 CNY Hundred Million in April of 2026. Fiscal Expenditure in China averaged 8807.60 CNY Hundred Million from 1990 until 2026, reaching an all time high of 46706.00 CNY Hundred Million in February of 2026 and a record low of 138.60 CNY Hundred Million in January of 1990. This page provides - China Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Fiscal Expenditure - values, historical data and charts - was last updated on June of 2026.

Fiscal Expenditure in China decreased to 19068 CNY Hundred Million in May from 20100 CNY Hundred Million in April of 2026. Fiscal Expenditure in China is expected to be 28500.00 CNY Hundred Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Fiscal Expenditure is projected to trend around 34600.00 CNY Hundred Million in 2027 and 35000.00 CNY Hundred Million in 2028, according to our econometric models.



Related Last Previous Unit Reference
Fiscal Expenditure 19068.00 20100.00 CNY Hundred Million May 2026
Government Budget -6.50 -5.80 percent of GDP Dec 2024
Government Budget Value -2007.00 1691.00 CNY Hundred Million May 2026
Government Revenues 17061.00 21791.00 CNY Hundred Million May 2026


China Fiscal Expenditure
Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation.
Actual Previous Highest Lowest Dates Unit Frequency
19068.00 20100.00 46706.00 138.60 1990 - 2026 CNY Hundred Million Monthly
Current Prices, NSA

News Stream
China Fiscal Spending Up 0.8% in Jan-May
China’s fiscal spending increased 0.8% year-on-year to CNY 11.39 trillion (USD 1.59 trillion) in the first five months of 2026. Central government expenditure rose 6.5% to CNY 1.68 trillion, while local government spending edged down 0.1% to CNY 9.71 trillion, indicating that fiscal support remained largely driven by the central government. Among major spending categories, healthcare outlays recorded the strongest growth, rising 11.3%, followed by social security and employment (+6.3%), debt interest payments (+5.1%), and science and technology (+0.9%). Meanwhile, expenditure declined on agriculture, forestry and water conservancy (-11.2%), energy conservation and environmental protection (-8.8%), culture, tourism, sports and media (-7.8%), transportation (-3.8%), urban and rural communities (-2.5%), and education (-0.5%).
2026-06-26
China Fiscal Spending Rises 1.3% in Jan-April
China’s fiscal spending climbed 1.3% year-on-year to CNY 9.48 trillion (USD 1.09 trillion) in the first four months of 2026. Spending execution reached 31.6% of the annual budget target, the fastest pace for the January–April period in five years, signaling that fiscal policy is being front-loaded to support economic stabilization. Central government spending rose 5.1%, while local government outlays increased 0.7%, official data showed. During the period, fiscal revenue increased 3.5% to CNY 8.34 trillion (USD 1.23 trillion), sharply accelerating from a 1.1% rise in the first quarter, highlighting an improvement in fiscal revenue. The country’s tax revenue grew 3.9% year-on-year to CNY 6.81 trillion, higher than the 1.7% increase recorded in the first quarter. Meanwhile, non-tax revenue rose 1.6% to CNY 1.53 trillion.
2026-05-21
China Fiscal Spending Up 2.6% in Q1
China’s fiscal spending increased 2.6% yoy to CNY 7.47 trillion (USD 1.09 trillion) in Q1 2026, sharply accelerating from a 1% rise in 2025, supported by the government’s efforts to boost economic growth amid rising global risks stemming from the Middle East conflict, the finance ministry said on Friday, as reported by Reuters. Central government spending increased 4.9%, while local government outlays grew 2.3%, official data showed. During the period, fiscal revenue rose 2.4% to CNY 6.16 trillion. First-quarter fiscal spending accounted for 24.9% of annual budgeted expenditure, the highest in recent years, a finance ministry official told a media briefing, as authorities pledged to boost government outlays to help meet this year’s economic growth target. Central government revenue grew 2.7% to about CNY 2.5 trillion, while local government intake rose 2.1% to CNY 3.66 trillion. Tax revenue totaled CNY 4.85 trillion, up 2.2%, while non-tax revenue rose 2.9% to CNY 1.31 trillion.
2026-04-26