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. source: Ministry of Finance of the People's Republic of China

Fiscal Expenditure in China increased to 46706 CNY Hundred Million in February from 38857 CNY Hundred Million in December of 2025. Fiscal Expenditure in China averaged 8757.24 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 April of 2026.

Fiscal Expenditure in China increased to 46706 CNY Hundred Million in February from 38857 CNY Hundred Million in December of 2025. Fiscal Expenditure in China is expected to be 34500.00 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 28000.00 46706.00 CNY Hundred Million Mar 2026
Government Budget -6.50 -5.80 percent of GDP Dec 2024
Government Budget Value -1309.00 -2552.00 CNY Hundred Million Mar 2026
Government Revenues 17459.00 44154.00 CNY Hundred Million Mar 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
28000.00 46706.00 46706.00 138.60 1990 - 2026 CNY Hundred Million Monthly
Current Prices, NSA

News Stream
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
China Fiscal Spending Rises 3.6% YoY in Jan–Feb
China's fiscal expenditure rose 3.6% year-on-year to CNY 4.67 trillion in the first two months of 2026, according to Ministry of Finance data released Thursday. Central government spending increased 4.5%, while local government outlays grew 3.5%. Notably, social security and employment spending climbed 8.6% to CNY 927.9 billion, and health expenditure jumped 17.3% to CNY 411.9 billion. Meanwhile, fiscal revenue edged up 0.7% to nearly CNY 4.42 trillion. Central government revenue fell 1.7% to about CNY 1.92 trillion, while local government intake rose 2.6% to CNY 2.5 trillion. Tax revenue was broadly flat at CNY 3.64 trillion, up just 0.1%, while non-tax revenue increased 3.4% to CNY 776.1 billion, pointing to limited momentum in core fiscal inflows.
2026-03-20
China Fiscal Revenues Drop 0.3% in H1
China's fiscal revenue fell by 0.3% in the first half of 2025 from a year earlier to CNY 11.56 trillion, the Finance Ministry said on Friday. The latest figure remained unchanged from the decline recorded in the January–May period. Tax revenue dropped 1.2% in H1 from a year earlier, while non-tax revenue grew 3.7%. Meanwhile, fiscal expenditure rose 3.4% year-on-year to CNY 14.13 trillion in the January–June period, easing from a 4.2% increase in the first five months, ministry official Tang Longsheng told a press conference.
2025-07-28