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CN MOF: Fiscal Balance Anticipated for 2025; Policy Expenditures Earmarked
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A fiscal balance is anticipated for China for the last year based on preliminary data, Li Xianzhong, Director General of the Comprehensive Department of China's Ministry of Finance (MOF), stated at a press conference held by the State Council Information Office. The national general public budget expenditure has been front-loaded and maintained at a strong level to provide the necessary financial bolster for economic and social development, he said. Relevant data is expected to be released by the end of January or early February. Vice Minister of Finance Liao Min mentioned that the fiscal expenditures required for various business-friendly and people-benefiting policies have been fully earmarked in the 2026 budget, allowing relevant localities and agencies to actively carry out their operations. AASTOCKS Financial News Website: www.aastocks.com |
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