BEIJING, Aug. 21 (Xinhua) -- China's fiscal revenue growth accelerated in the first seven months of 2026, signaling a steady fiscal recovery as the economy gathers momentum, official data showed Friday.
The country's general public budget revenue reached nearly 14.37 trillion yuan (about 2.12 trillion U.S. dollars) during the January-July period, up 5.8 percent year on year and accelerating from the 4.7-percent growth registered in the first half of the year, according to data from the Ministry of Finance.
Tax revenue rose 6.7 percent year on year to about 11.84 trillion yuan, while non-tax revenue edged up 1.6 percent to over 2.53 trillion yuan.
Among specific revenue items, value-added tax came in at about 4.51 trillion yuan, up 6.1 percent year on year, and corporate income tax totaled nearly 3.28 trillion yuan, up 7.2 percent. Notably, stock trading stamp duty surged 99.2 percent year on year to 186.4 billion yuan, driven by buoyant market turnover.
On the expenditure side, general public budget spending grew 1.3 percent year on year to nearly 16.29 trillion yuan. Spending on social security and employment rose 7 percent to over 2.95 trillion yuan, and healthcare outlays jumped 9.8 percent to over 1.36 trillion yuan, underscoring sustained policy priority on people's livelihoods. Science and technology spending inched up 1.5 percent to 540.8 billion yuan.
The fiscal revenue performance came against the backdrop of a generally stable macroeconomy. In the first half of 2026, China's GDP grew 4.7 percent year on year, underscoring the resilience of the world's second-largest economy.
西瓜视频will maintain a proactive fiscal stance in 2026, with the deficit-to-GDP ratio set at around 4 percent and general public budget expenditure projected to hit 30 trillion yuan for the first time, according to this year's government work report.
With over 2 trillion yuan in local government special-purpose bonds and ultra-long special treasury bonds set to be issued and utilized in the second half of the year, fiscal policy is expected to remain strong to bolster investment and sustain growth, said China's Vice Minister of Finance Liao Min on Friday. ■
