# social spending
Latest news and articles about social spending
Total: 2 articles found
China Keeps Deficit Ratio at About 4% While Adding Long‑dated Bonds — A Measured Push to Start the 15th Five‑Year Plan
China will keep its fiscal deficit target at about 4% of GDP for 2026 while raising the nominal deficit to 5.89 trillion yuan and issuing 1.3 trillion yuan of ultra‑long sovereign bonds. The package aims to provide measured stimulus to kick‑start the 15th Five‑Year Plan, combining infrastructure and new‑economy investment with greater social spending, while managing central leverage.
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.