China’s Ministry of Finance has outlined plans to expand fiscal expenditure in 2026, adopting a more proactive policy stance to ensure a strong start to the 15th Five-Year Plan period (2026–2030).
China’s Ministry of Finance has outlined plans to expand fiscal spending in 2026 under a more proactive policy to support the launch of the 15th Five-Year Plan.
The approach, aligned with the Central Economic Work Conference includes more efficient transfer payments, support for consumer trade-in schemes and stricter control of hidden debt risks.
This approach aligns with the announcements made at the recent tone-setting Central Economic Work Conference, Finance Minister Lan Fo’an said at the national fiscal work conference held from Saturday to Sunday.
The meeting called for stronger measures in 2026 to leverage the role of government bonds better and improve the efficiency of transfer payments. It also emphasised continuous optimisation of expenditure structures and stronger coordination between fiscal and financial policies.
The ministry will continue providing fiscal support for consumer goods trade-in programmes to boost consumption, while expanding effective investment by increasing funding for key areas such as new quality productive forces and talent development, according to a Chinese state-owned media outlet.
Lan underscored that fiscal measures will support job creation and income growth and improve the social security system. He also called for accelerating efforts to resolve risks stemming from existing hidden debts and for strictly curbing new increases.
Fibre2Fashion News Desk (HU)
