China's fiscal expenditure to reach record high in 2026: finance minister

Xinhua| March 6, 2026

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A press conference for the fourth session of the 14th National People's Congress (NPC) on economy is held in Beijing, capital of China, March 6, 2026. [Xinhua/Cao Yiming]

BEIJING, March 6 (Xinhua) -- China's fiscal fund allocation is expected to reach record highs in terms of total expenditure, the scale of new government bond issuance, and central government transfer payments to local governments, Finance Minister Lan Fo'an told a press conference Friday.


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