2026年一季度“国补”额度分配各地，超出部分地方自担

Core Viewpoint - The 2026 "National Subsidy" (国补) policy for consumer goods replacement is being clarified, with the first batch of funding amounting to 62.5 billion yuan being allocated to local governments, indicating a potential decrease in total funding compared to 2025 [2][4]. Group 1: Funding Allocation - The first batch of 2026 "National Subsidy" funding is 62.5 billion yuan, which is lower than the 81 billion yuan allocated in the first batch of 2025 [4]. - The total amount of "National Subsidy" funding for 2026 is expected to be announced in March during the national congress, with a projected total of 250 billion yuan if the quarterly allocation remains consistent [4]. - The funding is primarily sourced from ultra-long-term special bonds issued by the central government, with a quarterly distribution similar to 2025 [2][3]. Group 2: Funding Structure - The funding distribution follows a 9:1 principle between central and local governments, with varying central government contribution rates across regions: 85% for the East, 90% for the Central, and 95% for the West [3]. - Local governments are required to match the central funding, with specific arrangements determined by provincial finances [3]. Group 3: Policy Changes - The 2026 "National Subsidy" policy has optimized the range and standards of subsidies, reducing the categories of traditional appliances from 12 to 6 and lowering the subsidy cap to 1,500 yuan [5]. - The subsidy for automobiles has shifted from a fixed amount to a percentage-based system, with stricter conditions for vehicle replacements [5]. - New categories such as smart glasses have been added to the subsidy list, allowing local governments more autonomy in determining specific subsidy categories and standards [6]. Group 4: Implementation and Future Directions - The policy emphasizes the efficient use of fiscal funds and aims to enhance compliance and reduce fraud in subsidy claims [6]. - Future policy optimizations may focus on service sectors, such as AI software and elderly care services, which currently receive insufficient support [7].