中国2025年财政收入总体平稳运行 28.7万亿元支出保障有力
Chang Jiang Shang Bao·2026-02-02 00:42

Core Viewpoint - The Ministry of Finance reported that in 2025, China's fiscal revenue is expected to operate steadily, with nearly 90% of regions experiencing revenue growth, while key expenditures are well-supported [1][2]. Revenue Summary - In 2025, the total general public budget revenue is projected to be 21,604.5 billion yuan, a decrease of 1.7% compared to 2024 [2]. - Tax revenue is estimated at 17,636.3 billion yuan, an increase of 0.8%, while non-tax revenue is expected to decline by 11.3% to 39,682 billion yuan [2]. - Central government revenue is forecasted at 93,963 billion yuan, down 6.5%, while local government revenue is expected to rise by 2.4% to 122,082 billion yuan [2]. Expenditure Summary - The total general public budget expenditure is anticipated to be 28,739.5 billion yuan, reflecting a growth of 1% from 2024 [2]. - Central government expenditure is projected to increase by 5.7% to 43,034 billion yuan, while local government expenditure is expected to grow by 0.2% to 244,361 billion yuan [2]. Key Tax Items - Securities transaction stamp duty is expected to reach 2,035 billion yuan, a significant increase of 57.8% [3]. - Domestic value-added tax is projected at 68,947 billion yuan, growing by 3.4%, while corporate income tax is expected to be 41,304 billion yuan, up by 1% [3]. - Personal income tax is forecasted to increase by 11.5% to 16,187 billion yuan [3]. Key Expenditure Areas - Significant funding is allocated to social security and employment, education, and health sectors, with education spending at 43,417 billion yuan (up 3.2%) and health spending at 21,446 billion yuan (up 5.7%) [3]. - Expenditure on environmental protection is expected to grow by 6.1% to 5,816 billion yuan [3]. Government Fund Budget - The government fund budget revenue is projected to be 577 billion yuan, a decrease of 7%, while expenditure is expected to rise by 11.3% to 1,129 billion yuan [4]. - The increase in expenditure is primarily due to accelerated use of bond funds, with total spending on various bonds expected to reach 61,900 billion yuan, an increase of 37.6% [4]. Regional Revenue Growth - Nearly 90% of regions are expected to see revenue growth, with 27 out of 31 provinces, autonomous regions, and municipalities reporting increases [5]. - The local general public budget revenue is projected to grow by 2.4%, indicating a steady recovery [5]. Childcare Subsidies - Approximately 100 billion yuan is allocated for childcare subsidies, with 90.4 billion yuan from the central government, marking a significant social welfare initiative [6]. - This subsidy program has received widespread approval and aims to support families with young children [6].

中国2025年财政收入总体平稳运行 28.7万亿元支出保障有力 - Reportify