Ministry of Finance: National tax revenue totaled 16.4814 trillion yuan from January to November, a year-on-year increase of 1.8%.

16:07 17/12/2025

In November, the national general public budget revenue was 2.00516 trillion yuan, an increase of 0.8% year-on-year.

On December 17, the Ministry of Finance released the financial revenue and expenditure situation for January to November 2025. The data shows that from January to November, the national general public budget revenue was 20.0516 trillion yuan, an increase of 0.8% year-on-year. Among them, national tax revenue was 16.4814 trillion yuan, an increase of 1.8% year-on-year; non-tax revenue was 3.5702 trillion yuan, a decrease of 3.7% year-on-year. Looking at the central and local levels, central general public budget revenue was 8.8464 trillion yuan, a decrease of 1% year-on-year; local general public budget revenue was 11.2052 trillion yuan, an increase of 2.2% year-on-year. Among the major tax revenue items, stamp duty was 404.4 billion yuan, an increase of 27%. Among them, securities transaction stamp duty was 185.5 billion yuan, an increase of 70.7%. The text above is from the Ministry of Finance website.

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The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.

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