# local government finance
Latest news and articles about local government finance
Total: 3 articles found
China’s 2025 Fiscal Year: Stable Taxes, Bigger Bond-Financed Spending and a Bold Childcare Bet
China ended 2025 with modestly lower overall budget revenue but slightly higher tax collections and expanded spending financed in part by a surge in bond deployment. Authorities combined a universal childcare cash subsidy with accelerated bond-financed projects to boost demand while maintaining targeted social and scientific spending.
Beijing Orders 2026 Tax Overhaul to Boost Local Budgets and Expand Social Insurance
China’s tax authority has announced a 2026 push to deepen tax reform, expand legally authorised local taxes and strengthen social insurance through national pension pooling, provincial medical insurance coordination and accelerated long‑term care pilots. The package aims to stabilise local finances and broaden welfare coverage, but implementation choices will determine the economic and political trade‑offs.
China’s 2026 Fiscal Playbook: Bigger, Better‑Targeted Spending to Shore Up Growth and Jobs
China’s finance ministry has outlined a 2026 fiscal strategy that raises the overall spending envelope while reallocating funds toward consumption, social services and high‑impact projects. The plan marries a larger deficit and bond issuance with zero‑base budgeting, better performance management and reforms to transfer payments and tax preferences to boost domestic demand and sustain growth.