Minister of Finance: This year's fiscal fund allocation has reached a "new high" in three aspects

2026-04-11 22:06:33

Minister of Finance Lan Fuan stated at the press conference on the economic topics of the Fourth Session of the 14th National People’s Congress on March 6 that in terms of fiscal fund allocation, this year has set “new records” in three areas.
First, the total expenditure reached a new high, exceeding 30 trillion yuan for the first time.
Second, the scale of new government bonds reached a record high of 11.89 trillion yuan, the largest in recent years.
Third, central transfers to local governments reached a new high, further strengthening local fiscal support capabilities.
The total amount of central transfers to local governments reached 10.42 trillion yuan, exceeding 10 trillion yuan for four consecutive years. (Xinhua News Agency)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes