China central government fiscal operations
China central government fiscal operations track monthly revenue, spending, balance, and financing.
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| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue3 | 678.1 | 1,199.1 | 879.5 | 1,009.8 | 1,082.4 | 611.1 | 729.6 | 1,273.3 | 827 | 851.5 | 1,136.2 | 691.3 | 606.7 | 1,042.3 | 742.8 | 856.5 | 996.1 | 511.1 | 847.8 | 1,182.9 | 1,221.5 | 849.2 | 1,108.4 | 668.5 | 614.6 | 1,014.7 | 754.1 | 796.6 | 1,031.5 | 537.6 | 874.3 | 1,271.3 | 817.8 | 745.5 | 1,067.4 | 652.3 | 635.2 | |
| Central government general public budget revenue | 626.1 | 1,161.7 | 838.9 | 837.7 | 1,048.2 | 582.4 | 694.3 | 1,222.4 | 549.7 | 660.8 | 1,101.9 | 657 | 573 | 995 | 710.3 | 755.8 | 959.6 | 483.3 | 809.4 | 1,140.5 | 1,105.3 | 690 | 1,077.2 | 635 | 561.5 | 973.4 | 723.3 | 752.8 | 944.5 | 510.5 | 836.9 | 1,233.2 | 787.5 | 582.2 | 998.4 | 619.9 | 583.8 | |
| Central government-managed funds revenue | 52 | 37.4 | 35.6 | 55.1 | 34.2 | 28.7 | 35.3 | 50.9 | 111.8 | 31.9 | 34.3 | 34.3 | 33.7 | 42.3 | 32.5 | 44.8 | 31.4 | 27.8 | 38.4 | 42.4 | 81.9 | 35.2 | 31.2 | 33.5 | 53.1 | 31.3 | 30.8 | 43.8 | 30.2 | 27 | 37.4 | 38.1 | 71.3 | 28.7 | 36.9 | 32.1 | 51.4 | |
| Central government state capital operations revenue | 5 | 117 | 0 | 0 | 0 | 0 | 165.5 | 158.8 | 0 | 0 | 5 | 55.9 | 5.1 | 0 | 0 | 34.3 | 124 | 0 | 0 | 10 | 0 | 56.8 | 0.1 | 0 | 0 | -41 | 134.6 | 32.1 | 0.3 | 0 | ||||||||
| Expenditure4 | 1,389.8 | 1,400.8 | 1,468.9 | 1,427.3 | 1,365.5 | 1,260.3 | 1,143.2 | 2,067.8 | 1,566.9 | 997.5 | 1,256.9 | 1,584.4 | 1,364.2 | 1,285.1 | 2,066.8 | 1,333.3 | 1,300.6 | 1,262.8 | 1,097.6 | 1,787.5 | 1,471.4 | 1,320.9 | 1,435.9 | 1,373.8 | 1,423.2 | 1,190 | 1,258.8 | 1,262.6 | 1,167 | 1,027.7 | 1,228.7 | 1,563.4 | 1,659.1 | 1,025.7 | 1,238.4 | 1,469 | 1,143.8 | |
| Central-level general public budget expenditure | 339.4 | 356.4 | 440.4 | 390.5 | 376.1 | 367.3 | 268.3 | 279.3 | 480.2 | 350.5 | 371.9 | 443.8 | 324.4 | 341.2 | 412.2 | 351 | 356.5 | 347.5 | 253.1 | 271.1 | 471.9 | 334.2 | 375.6 | 430.2 | 315.6 | 317.8 | 383.8 | 316.2 | 326.3 | 317.6 | 240.1 | 242.7 | 492.4 | 302.5 | 360.4 | 412 | 292.9 | |
| Central-level government-managed funds expenditure | 45.6 | 48 | 57.3 | 79 | 23.8 | 14.2 | 21.7 | 28 | 190.6 | 51.3 | 47.4 | 48.1 | 50 | 80.1 | 531.5 | 22.4 | 19.1 | 11.9 | 18 | 28 | 157.3 | 39.1 | 44.5 | 40.2 | 58.7 | 40.9 | 26.8 | 16.5 | 9.4 | 8.1 | 11.3 | 15.1 | 226.9 | 48.3 | 17.1 | 39.8 | 63.3 | |
| Central-level state capital operations expenditure | 16.4 | 18.6 | 13.7 | 7.4 | 19.6 | -0.6 | 7.3 | -0.1 | 5.7 | 9.6 | 4.7 | 27.3 | 14.1 | 17.3 | 17 | 17.2 | 13.6 | 0.1 | -0.1 | -0.2 | 10.9 | 9.4 | 5.1 | 22 | 18.8 | 22.7 | 19.1 | 16.9 | 13.5 | 10 | 3 | 0.1 | 9.3 | 6.4 | 7.7 | 19.8 | 11.7 | |
| Transfers from central to local governments | 988.4 | 977.8 | 957.5 | 950.4 | 946 | 879.4 | 845.9 | 1,760.6 | 890.4 | 586.1 | 832.9 | 1,065.2 | 975.7 | 846.5 | 1,106.1 | 942.7 | 911.4 | 903.3 | 826.6 | 1,488.6 | 831.3 | 938.2 | 1,010.7 | 881.4 | 1,030.1 | 808.6 | 829.1 | 913 | 817.8 | 692 | 974.3 | 1,305.5 | 930.5 | 668.5 | 853.2 | 997.4 | 775.9 | |
| Balance | -711.7 | -201.7 | -589.4 | -417.5 | -283.1 | -649.2 | -413.6 | -794.5 | -739.9 | -146 | -120.7 | -893.1 | -757.5 | -242.8 | -1,324 | -476.8 | -304.5 | -751.7 | -249.8 | -604.6 | -249.9 | -471.7 | -327.5 | -705.3 | -808.6 | -175.3 | -504.7 | -466 | -135.5 | -490.1 | -354.4 | -292.1 | -841.3 | -280.2 | -171 | -816.7 | -508.6 | |
| Financing4 | 574.6 | 630.5 | 275.9 | 713.7 | 552.9 | 280.5 | 416.5 | 427.7 | 339.2 | 670.5 | 217.7 | 729.9 | 861.7 | 443.8 | 690.8 | 935 | 284.8 | 595.1 | 431.1 | 453.9 | 97.4 | 665.2 | 332.3 | 728.7 | 710 | 423.4 | 566.5 | 606.2 | -71.3 | 270.6 | 133.7 | 79.5 | 886.6 | 540 | 340.7 | 995.9 | 346.5 | |
| Domestic financing2 | 553.8 | 593 | 269.9 | 714 | 537.5 | 297.5 | 402.5 | 427.7 | 332.6 | 616.8 | 222.7 | 734.9 | 849.6 | 441.8 | 699.7 | 936.9 | 266.3 | 595.1 | 418.6 | 453.9 | 91.2 | 673.8 | 316.3 | 730.7 | 700.9 | 414.4 | 573.1 | 607.5 | -71.2 | 258.6 | 133.7 | 79.5 | 876.8 | 540 | 344.7 | 1,003.4 | 334.5 | |
| Short-term | 264.5 | -198.1 | -38.2 | 30.9 | -419.4 | 20.7 | -9.9 | -361.7 | 318.9 | 256.2 | -45.6 | 181.6 | 181.1 | -296.1 | 180.1 | 60.2 | -332.3 | 97 | 37 | -148 | 118 | 270.4 | -158.3 | 283.6 | 243 | -233.5 | 139.1 | -78.8 | -135.9 | 71.2 | -387.9 | -442.3 | 255.1 | 372.6 | 246.5 | 342.4 | 63.9 | |
| Long-term | 289.3 | 791.1 | 308.1 | 683.1 | 956.9 | 276.8 | 412.4 | 789.4 | 13.7 | 360.6 | 268.3 | 553.3 | 668.5 | 737.9 | 519.6 | 876.7 | 598.6 | 498.1 | 381.6 | 601.9 | -26.8 | 403.4 | 474.6 | 447.1 | 457.9 | 647.9 | 434 | 686.3 | 64.7 | 187.4 | 521.6 | 521.8 | 621.7 | 167.4 | 98.2 | 661 | 270.6 | |
| Foreign financing | 20.8 | 37.5 | 6 | -0.3 | 15.4 | -17 | 14 | 0 | 6.6 | 53.7 | -5 | -5 | 12.1 | 2 | -8.9 | -1.9 | 18.5 | 0 | 12.5 | 0 | 6.2 | -8.6 | 16 | -2 | 9.1 | 9 | -6.6 | -1.3 | -0.1 | 12 | 0 | 9.8 | 0 | -4 | -7.5 | 12 | ||
| By instrument2 | ||||||||||||||||||||||||||||||||||||||
| Bonds | 574.8 | 630.5 | 275.9 | 714 | 553 | 280.5 | 416.5 | 427.7 | 339.7 | 670.5 | 217.8 | 729.9 | 862.2 | 443.8 | 690.9 | 935.4 | 284.8 | 595.1 | 431.1 | 453.9 | 97.2 | 665.2 | 332.7 | 728.7 | 710 | 423.4 | 566.5 | 606.5 | -71.2 | 270.6 | 133.7 | 79.5 | 886.7 | 540 | 340.7 | 995.9 | 346.5 | |
| Loans | -0.2 | 0 | 0 | -0.3 | -0.1 | 0 | 0 | -0.5 | 0 | -0.1 | 0 | -0.5 | 0 | -0.1 | -0.4 | 0 | 0 | 0 | 0.2 | 0 | -0.4 | 0 | 0 | 0 | -0.3 | -0.1 | 0 | 0 | -0.1 | 0 | 0 | 0 | ||||||
| By currency of issue2 | ||||||||||||||||||||||||||||||||||||||
| Domestic currency | 574.8 | 592 | 275.9 | 714 | 553 | 280.5 | 416.5 | 427.7 | 339.7 | 615.8 | 233.7 | 729.9 | 862.2 | 443.8 | 690.9 | 935.4 | 284.8 | 595.1 | 431.1 | 453.9 | 97.2 | 676.8 | 324.4 | 728.7 | 710 | 423.4 | 566.5 | 606.5 | -71.2 | 270.6 | 133.7 | 79.5 | 886.7 | 540 | 360.5 | 995.9 | 346.5 | |
| Foreign currency | -0.2 | 38.5 | 0 | -0.3 | -0.1 | 0 | 0 | -0.5 | 54.7 | -16 | 0 | -0.5 | 0 | -0.1 | -0.4 | 0 | 0 | 0 | 0.2 | -11.6 | 7.9 | 0 | 0 | 0 | -0.3 | -0.1 | 0 | 0 | -0.1 | 0 | -19.8 | 0 |
Latest reading
The series on this page is monthly and runs from Jan 2014 to Aug 2026. Source: Ministry of Finance of the PRC — Central Government Operations and Debt (IMF SDDS).
About this data
China central government fiscal operations track monthly revenue, spending, balance, and financing. Published by the Ministry of Finance under IMF SDDS, series cover the general public budget, government-managed funds, state capital operations, and transfers to local governments. Financing flows detail domestic and foreign borrowing by short-term and long-term maturity, bonds and loans, and currency. Figures are reported monthly in billion yuan as monthly flows since 2014.
Frequently asked questions
- What is the latest figure for China central government fiscal operations?
- Balance stood at −711.7 billion yuan in Aug 2026. That is −510 billion yuan from Jul 2026 and +45.8 billion yuan from a year earlier.
- How far back does the China central government fiscal operations data go?
- The series on this page is monthly and runs from Jan 2014 to Aug 2026. Source: Ministry of Finance of the PRC — Central Government Operations and Debt (IMF SDDS). Every series in the table can be charted over its full history and downloaded as CSV or Excel.
- What is included in China central government fiscal operations?
- China central government fiscal operations report monthly budgetary flows compiled by the Ministry of Finance under the IMF SDDS. They encompass central-level revenues, expenditures across the general public budget, government-managed funds, and state capital operations, central transfers to local governments, the fiscal balance, and financing flows.
- How are central government financing flows categorized in China?
- Financing flows for China's central government are classified into domestic financing and foreign financing. They are further disaggregated by maturity into short-term and long-term, by instrument into bonds and loans, and by domestic currency versus foreign currency.
- What is the frequency and historical coverage of this dataset?
- The Ministry of Finance of the PRC publishes China central government operations on a monthly basis in billion yuan. Historical series in this dataset begin in 2014.
- How do these central-level figures differ from China's national fiscal data?
- These statistics measure central government operations specifically, rather than consolidated national fiscal totals. While national tables aggregate central and local budgets, this dataset isolates central-level revenues, direct central spending, central transfers to local governments, and central debt financing.