Budget revenue of central and local governments in China increased by 0.1 % in 7 months compared to the same period last year and the budget cost increased by 3.4 %.
According to a statement of the Chinese Ministry of Finance, the total budget revenue of the central and local governments increased by 0.1 % on the basis of annual in January to July 2025 and 13.58 trillion yuan ($ 1.9 trillion). During this period, the budget spending increased by 3.4 % to 16.1 trillion Yuana (2.2 trillion dollars). In 7 months of the year, the budget deficit exceeded $ 300 billion. The budget revenue of the central and local governments in China is 21.97 trillion yuan (3.05 trillion dollars compared to the end of this year) and the budget cost is 28.46 trillion yuan (3.93 trillion dollars compared to the end of the year). This year, the Government has demonstrated the intention to increase budget spending for growth policies by increasing the budget deficit target to gross domestic product by increasing the target from 3 % to 4 %.
