China Fiscal Spending Up 2.6% in Q1

2026-04-26 22:50 By Chusnul Chotimah 1 min. read

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.



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