Ministry of Finance: National general public budget revenue in the first half of the year was 12.1047 trillion yuan, a year-on-year increase of 4.7%.

On July 22, the Ministry of Finance released the financial situation for the first half of 2026. In the first half of the year, the national general public budget revenue was 12.1047 trillion yuan, an increase of 4.7% year-on-year. Among them, national tax revenue was 9.7865 trillion yuan, an increase of 5.3% year-on-year; non-tax revenue was 2.3182 trillion yuan, an increase of 2.3% year-on-year. Looking at the central and local levels, central general public budget revenue was 5.224 trillion yuan, an increase of 7.5% year-on-year; local general public budget revenue at the local level was 6.8807 trillion yuan, an increase of 2.7% year-on-year. The original text is as follows: Financial Situation for the First Half of 2026 I. National General Public Budget Revenue and Expenditure A. General Public Budget Revenue In the first half of the year, the national general public budget revenue was 12.1047 trillion yuan, an increase of 4.7% year-on-year. Among them, national tax revenue was 9.7865 trillion yuan, an increase of 5.3% year-on-year; non-tax revenue was 2.3182 trillion yuan, an increase of 2.3% year-on-year. Looking at the central and local levels, central general public budget revenue was 5.224 trillion yuan, an increase of 7.5% year-on-year; local general public budget revenue at the local level was 6.8807 trillion yuan, an increase of 2.7% year-on-year. The main tax revenue items are as follows: 1. Domestic value-added tax was 3.8581 trillion yuan, an increase of 6%. 2. Domestic consumption tax was 867.3 billion yuan, a decrease of 3.4%. 3. Corporate income tax was 2.588 trillion yuan, an increase of 3.9%. 4. Personal income tax was 898.2 billion yuan, an increase of 13.1%. 5. Import value-added tax and consumption tax were 975.8 billion yuan, an increase of 11.8%. Customs duties were 115 billion yuan, an increase of 5.1%. 6. Export goods rebate value-added tax and consumption tax were 1.3387 trillion yuan, an increase of 5.4%. 7. Urban maintenance and construction tax was 273 billion yuan, an increase of 3.8%. 8. Vehicle purchase tax was 115.3 billion yuan, an increase of 13.7%. 9. Stamp tax was 275.2 billion yuan, an increase of 40.9%. Among them, securities transaction stamp tax was 154.9 billion yuan, an increase of 97.3%. 10. Resource tax was 160.4 billion yuan, an increase of 11.5%. 11. Deed tax was 201.9 billion yuan, a decrease of 14.7%. 12. Property tax was 278.2 billion yuan, an increase of 6.3%. 13. Urban land use tax was 140.8 billion yuan, an increase of 2.6%. 14. Land value tax was 214.6 billion yuan, a decrease of 15.3%. 15. Land occupation tax was 83 billion yuan, a decrease of 3.5%. 16. Environmental protection tax was 16.7 billion yuan, an increase of 18.6%. 17. Vehicle and vessel tax, tonnage tax, tobacco tax, and other tax revenues totaled 63.7 billion yuan, a decrease of 0.1%. B. General Public BudgetExpenditure In the first half of the year, the national general public budget expenditure was 14.3329 trillion yuan, an increase of 1.5% year-on-year. Looking at the central and local levels, central general public budget expenditure was 2.1218 trillion yuan, an increase of 6.5% year-on-year; local general public budget expenditure was 12.2111 trillion yuan, an increase of 0.6% year-on-year. The main expenditure items are as follows: 1. Education expenditure was 2.1608 trillion yuan, an increase of 0.6%. 2. Science and technology expenditure was 485.4 billion yuan, an increase of 1.3%. 3. Culture, tourism, sports, and media expenditure was 162.6 billion yuan, a decrease of 6.4%. 4. Social security and employment expenditure was 2.636 trillion yuan, an increase of 7.6%. 5. Health expenditure was 1.2191 trillion yuan, an increase of 10.8%. 6. Energy saving and environmental protection expenditure was 229.4 billion yuan, a decrease of 10.3%. 7. Urban and rural community expenditure was 983.8 billion yuan, a decrease of 2%. 8. Agriculture, forestry, and water expenditure was 971.4 billion yuan, a decrease of 8.6%. 9. Transportation expenditure was 547.2 billion yuan, a decrease of 2.6%. 10. Debt interest payment expenditure was 699.1 billion yuan, an increase of 4.5%. II. National Government Fund Budget Revenue and Expenditure A. Government Fund Budget Revenue In the first half of the year, the national government fund budget revenue was 1.5244 trillion yuan, a decrease of 21.6% year-on-year. Looking at the central and local levels, central government fund budget revenue was 239.7 billion yuan, an increase of 10.3% year-on-year; local government fund budget revenue at the local level was 1.2847 trillion yuan, a decrease of 25.6%, among which, revenue from the transfer of state-owned land use rights was 977.8 billion yuan, a decrease of 31.5%. B. Government Fund Budget Expenditure In the first half of the year, the national government fund budget expenditure was 3.8705 trillion yuan, a decrease of 16.4% year-on-year. Looking at the central and local levels, central government fund budget expenditure was 223.9 billion yuan, a decrease of 64.5% year-on-year; local government fund budget expenditure was 3.6466 trillion yuan, a decrease of 8.8%, among which, expenditure related to revenue from the transfer of state-owned land use rights was 1.7105 trillion yuan, a decrease of 17%. This article is compiled from the Ministry of Finance, edited by GMT8: Chen Wenfang.