Zhejiang provincial government office issued its 15th Five-Year fiscal plan, signaling a stronger, more sustainable fiscal stance. The plan targets higher local revenue mobilization, conversion of high-quality development into fiscal momentum and establishment of a high-quality, sustainable fiscal balance system; it pledges a more forceful active fiscal policy, stronger fiscal guarantees for major strategies and basic livelihoods, an improved "8+4" fiscal-support framework and closer coordinatio

2026-08-21

Zhejiang provincial government office issued its 15th Five-Year fiscal plan, signaling a stronger, more sustainable fiscal stance. The plan targets higher local revenue mobilization, conversion of high-quality development into fiscal momentum and establishment of a high-quality, sustainable fiscal balance system; it pledges a more forceful active fiscal policy, stronger fiscal guarantees for major strategies and basic livelihoods, an improved "8+4" fiscal-support framework and closer coordination of fiscal policy with monetary, employment, industrial, regional and trade policies to optimize resource allocation and policy targeting.