Ministry of Finance: From January to July, the national securities transaction stamp duty of 186.4 billion yuan increased 99.2% year-on-year

The Zhitong Finance App learned that on August 21, the Ministry of Finance announced the fiscal balance for January to July 2026. From January to July, the national general public budget revenue was 14369.6 billion yuan, an increase of 5.8% over the previous year. Among them, the country's tax revenue was 11838.1 billion yuan, up 6.7% year on year; non-tax revenue was 2531.5 billion yuan, up 1.6% year on year. Looking at the central government and local authorities, the central government's general public budget revenue was 6385.7 billion yuan, an increase of 9.1% over the previous year; local general public budget revenue at this level was 798.3.9 billion yuan, an increase of 3.3% over the previous year. Among the main tax revenue items, stamp duty was 353 billion yuan, an increase of 38% over the previous year. Among them, stamp duty on securities transactions was 186.4 billion yuan, an increase of 99.2% over the previous year.

The original text is as follows:

Fiscal balance for January-July 2026

I. National general public budget revenue and expenditure

(1) The general public budget revenue situation.

From January to July, the national general public budget revenue was 14369.6 billion yuan, an increase of 5.8% over the previous year. Among them, the country's tax revenue was 11838.1 billion yuan, up 6.7% year on year; non-tax revenue was 2531.5 billion yuan, up 1.6% year on year. Looking at the central government and local authorities, the central government's general public budget revenue was 6385.7 billion yuan, an increase of 9.1% over the previous year; local general public budget revenue at this level was 798.3.9 billion yuan, an increase of 3.3% over the previous year.

The main tax revenue items are as follows:

1. Domestic value-added tax amounted to 4514.9 billion yuan, an increase of 6.1% over the previous year.

2. Domestic consumption tax was 998.4 billion yuan, a year-on-year decrease of 2.2%.

3. Corporate income tax was 3276.9 billion yuan, an increase of 7.2% over the previous year.

4. Personal income tax amounted to 1066.2 billion yuan, an increase of 14.9% over the previous year.

5. Value-added tax and consumption tax on imported goods amounted to 1156.9 billion yuan, an increase of 12.3% over the previous year. Tariffs amounted to 135.6 billion yuan, an increase of 3.1% over the previous year.

6. Export tax rebates amounted to 1480 billion yuan, an increase of 5.2% over the previous year.

7. Urban maintenance and construction tax was 323.7 billion yuan, an increase of 4.3% over the previous year.

8. Vehicle purchase tax was 133.7 billion yuan, an increase of 13% over the previous year.

9. Stamp duty was 353 billion yuan, an increase of 38% over the previous year. Among them, stamp duty on securities transactions was 186.4 billion yuan, an increase of 99.2% over the previous year.

10. Resource tax was 1964 billion yuan, an increase of 12.4% over the previous year.

11. Deed tax was 23.3 billion yuan, a year-on-year decrease of 14.5%.

12. Real estate tax was 341.5 billion yuan, up 6.7% year on year.

13. Urban land use tax was 171 billion yuan, an increase of 3.5% over the previous year.

14. Land value-added tax was 235.9 billion yuan, a year-on-year decrease of 15.3%.

15. The arable land occupation tax was 88.1 billion yuan, a year-on-year decrease of 4%.

16. The environmental protection tax was 21.8 billion yuan, an increase of 14.6% over the previous year.

17. Other tax revenues, such as vehicle and ship tax, ship tonnage tax, tobacco tax, etc., totaled 73.8 billion yuan, an increase of 0.2% over the previous year.

(2) General public budget expenditure.

From January to July, the national general public budget spent 16288.9 billion yuan, an increase of 1.3% over the previous year. Looking at the central government and local authorities, the central government's general public budget spent 2478.3 billion yuan at this level, an increase of 6.2% over the previous year; local general public budget expenditure was 13810.6 billion yuan, an increase of 0.5% over the previous year.

The main expenditure categories are as follows:

1. Education expenditure was 2460.6 billion yuan, an increase of 0.7% over the previous year.

2. Science and technology expenditure was 540.8 billion yuan, an increase of 1.5% over the previous year.

3. Cultural tourism, sports and media expenditure was 187.3 billion yuan, a year-on-year decrease of 6.9%.

4. Social security and employment expenses amounted to 2954.8 billion yuan, an increase of 7% over the previous year.

5. Health expenditure was 1361.3 billion yuan, an increase of 9.8% over the previous year.

6. Energy saving and environmental protection expenditure was 259.8 billion yuan, a year-on-year decrease of 11.9%.

7. Urban and rural communities spent 108.6.4 billion yuan, a year-on-year decrease of 2.9%.

8. Agriculture, forestry and water expenditure was 1148.9 billion yuan, a year-on-year decrease of 6.8%.

9. Transportation expenditure was 618.2 billion yuan, a year-on-year decrease of 2.5%.

10. Debt interest payments amounted to 796.6 billion yuan, an increase of 5.2% over the previous year.

II. Budget revenue and expenditure of national government funds

(1) The budget revenue situation of government funds.

From January to July, the national government fund budget revenue was 1821.9 billion yuan, a year-on-year decrease of 21.2%. Looking at the central government and local authorities, the budget revenue of central government funds was 277.2 billion yuan, up 6.8% year on year; local government fund budget revenue was 1544.7 billion yuan, down 24.8% year on year. Among them, revenue from state-owned land use rights concessions was 1173.1 billion yuan, down 30.8% year on year.

(2) Budget expenditure of government funds.

From January to July, the national government fund budget spent 4541 billion yuan, a year-on-year decrease of 16.4%. Looking at the central government and local authorities, central government fund budget expenditure was 271.9 billion yuan, down 61.8% year on year; local government fund budget expenditure was 4269.1 billion yuan, down 9.5% year on year. Among them, expenditure related to revenue from state-owned land use rights concessions was 1947.4 billion yuan, down 17.4% year on year.

This article was selected from the “Ministry of Finance” official website, Zhitong Finance Editor: Feng Qiuyi.