Government Work Report | The deficit ratio is planned to be around 4% in 2026

LightningPacketLoss · 2026-03-12T14:56:44+00:00

During the Two Sessions, the government work report proposed a deficit rate of 4% for this year, with a deficit scale of 5.89 trillion yuan. Budget expenditures have for the first time exceeded 30 trillion yuan, and there are plans to issue 1.3 trillion yuan in ultra-long special sovereign bonds to support important construction and new initiatives.

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2026-03-12 14:56:44

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Two Sessions Xinhua News Agency Flash: When mentioning the continuation of a more proactive fiscal policy in the Government Work Report, it states that this year’s deficit-to-GDP ratio is planned to be around 4%, with a deficit scale of 5.89 trillion yuan, an increase of 230 billion yuan from the previous year. General public budget expenditure will reach 30 trillion yuan for the first time, an increase of about 1.27 trillion yuan from last year. It is planned to issue 1.3 trillion yuan of ultra-long-term special government bonds to continuously support the “dual” construction, “dual” work, and other initiatives.

(Edited by: Wen Jing)

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