China fiscal revenue up 5.7% in Jan-Aug, expenditure growth slows

Key facts

• China's fiscal revenue rose 5.7% year-on-year in the first eight months of 2026.
• Fiscal expenditure grew 1.2% year-on-year in the January-August period.
• The January-July period saw fiscal revenue growth of 5.8% and expenditure growth of 1.3%.

China's fiscal revenue increased by 5.7% year-on-year in the first eight months of 2026, a slight deceleration from the 5.8% growth recorded in the January-July period, according to data from the Ministry of Finance released on Friday. Fiscal expenditure also saw a slowdown in growth, rising 1.2% over the January-August period, compared to a 1.3% increase in the first seven months.

In August 2026, China's Vice Finance Minister Liao Min indicated that authorities were preparing new fiscal-financial support measures for the second half of the year and would refine their policy toolkit based on evolving economic conditions.

In the first seven months of 2025, China's fiscal revenue had edged up 0.1% year-on-year to over 13.58 trillion yuan. During that same period, fiscal expenditure expanded 3.4% year-on-year to nearly 16.1 trillion yuan.