Ministry of Finance deputy director Ma Hongbing said cumulative growth in national general public budget revenue rose month-on-month, reflecting resilient economic activity; price increases, an active equity market and strong foreign trade materially supported revenue growth. 1H national general public budget expenditure totaled 14.33 tln yuan, up 1.5% YoY. Authorities said they maintained necessary fiscal spending to protect priority areas. Major items: social security and employment spending 2

Ministry of Finance deputy director Ma Hongbing said cumulative growth in national general public budget revenue rose month-on-month, reflecting resilient economic activity; price increases, an active equity market and strong foreign trade materially supported revenue growth. 1H national general public budget expenditure totaled 14.33 tln yuan, up 1.5% YoY. Authorities said they maintained necessary fiscal spending to protect priority areas. Major items: social security and employment spending 2.636 tln yuan (+7.6% YoY); health spending 1.219 tln yuan (+10.8% YoY).