Ministry of Finance: In January and February 2026, national government fund budget expenditures totaled 1,317.4 billion yuan, a year-on-year increase of 16%. Breaking it down by central and local governments, central government fund budget expenditures were 49.7 billion yuan, a year-on-year increase of 8%; local government fund budget expenditures were 1,267.7 billion yuan, a year-on-year increase of 16.3%, of which expenditures related to revenue from the transfer of state-owned land use rights were 641.8 billion yuan, a year-on-year decrease of 1.9%.
