Ministry of Finance: Stamp duty on securities transactions of 239.1 billion yuan increased 65.1% year-on-year in the first three quarters

The Zhitong Finance App learned that on October 23, the Ministry of Finance announced the fiscal balance for the first three quarters of 2026. In the first three quarters, the national general public budget revenue was 17229.2 billion yuan, an increase of 5.1% over the previous year. Among them, the country's tax revenue was 14070.6 billion yuan, up 6.1% year on year; non-tax revenue was 3158.6 billion yuan, up 1.2% year on year. Looking at the central government and local authorities, the central government's general public budget revenue was 766.9.9 billion yuan, an increase of 8.3% over the previous year; local general public budget revenue at this level was 955.93 billion yuan, an increase of 2.7% over the previous year. Among them, stamp duty was 412.1 billion yuan, an increase of 31.1% over the previous year. Among them, stamp duty on securities transactions was 239.1 billion yuan, an increase of 65.1% over the previous year.

The original text is as follows:

Fiscal balance for the first three quarters of 2026

I. National general public budget revenue and expenditure

(1) The general public budget revenue situation.

In the first three quarters, the national general public budget revenue was 17229.2 billion yuan, an increase of 5.1% over the previous year. Among them, the country's tax revenue was 14070.6 billion yuan, up 6.1% year on year; non-tax revenue was 3158.6 billion yuan, up 1.2% year on year. Looking at the central government and local authorities, the central government's general public budget revenue was 766.9.9 billion yuan, an increase of 8.3% over the previous year; local general public budget revenue at this level was 955.93 billion yuan, an increase of 2.7% over the previous year.

The main tax revenue items are as follows:

1. Domestic value-added tax was 5541.6 billion yuan, an increase of 6% over the previous year.

2. Domestic consumption tax was 124.2 billion yuan, a year-on-year decrease of 4.1%.

3. Corporate income tax was 348.3.2 billion yuan, an increase of 7.1% over the previous year.

4. Personal income tax was 1346.4 billion yuan, an increase of 14.1% over the previous year.

5. Value-added tax and consumption tax on imported goods amounted to 1517.1 billion yuan, an increase of 12.7% over the previous year. Tariffs amounted to 174.1 billion yuan, a year-on-year decrease of 0.5%.

6. Refund of value-added tax and consumption tax on exported goods amounted to 1808.7 billion yuan, an increase of 6.3% over the previous year.

7. Urban maintenance and construction tax was 399.3 billion yuan, an increase of 3.4% over the previous year.

8. Vehicle purchase tax was 170.2 billion yuan, an increase of 12.2% over the previous year.

9. Stamp duty was 412.1 billion yuan, an increase of 31.1% over the previous year. Among them, stamp duty on securities transactions was 239.1 billion yuan, an increase of 65.1% over the previous year.

10. Resource tax was 241.7 billion yuan, an increase of 12.1% over the previous year.

11. Deed tax was 288.4 billion yuan, a year-on-year decrease of 14.5%.

12. Real estate tax was 369.7 billion yuan, up 6.3% year on year.

13. Urban land use tax was 187 billion yuan, an increase of 3.3% over the previous year.

14. Land value-added tax was 281.8 billion yuan, a year-on-year decrease of 14.5%.

15. The arable land occupation tax was 105.9 billion yuan, a year-on-year decrease of 6.2%.

16. The environmental protection tax was 24.8 billion yuan, an increase of 18.8% over the previous year.

17. Other tax revenues, such as vehicle and ship tax, ship tonnage tax, tobacco tax, etc., totaled 95.8 billion yuan, a year-on-year decrease of 0.8%.

(2) General public budget expenditure.

In the first three quarters, the national general public budget spent 21019.9 billion yuan, an increase of 1% over the previous year. Looking at the central government and local authorities, the central government's general public budget spent 3282 billion yuan at this level, an increase of 5.8% over the previous year; the local general public budget spent 17737.9 billion yuan, an increase of 0.2% over the previous year.

The main categories of expenditure are as follows:

1. Education expenditure was 3195.6 billion yuan, an increase of 1.1% over the previous year.

2. Science and technology expenditure was 731.7 billion yuan, an increase of 3.0% over the previous year.

3. Cultural tourism, sports and media expenditure was 249.4 billion yuan, a year-on-year decrease of 6.0%.

4. Social security and employment expenses amounted to 3673.2 billion yuan, an increase of 5.2% over the previous year.

5. Health expenditure was 1691.6 billion yuan, an increase of 7.7% over the previous year.

6. Energy saving and environmental protection expenditure was 343.5 billion yuan, a year-on-year decrease of 12.5%.

7. Urban and rural communities spent 140.4 billion yuan, a year-on-year decrease of 1.5%.

8. Agriculture, forestry and water expenditure was 1525.7 billion yuan, a year-on-year decrease of 5.1%.

9. Transportation expenditure was 812.1 billion yuan, a year-on-year decrease of 4.1%.

10. Debt interest payments amounted to 1027.9 billion yuan, an increase of 4.7% over the previous year.

II. Budget revenue and expenditure of national government funds

(1) The budget revenue situation of government funds.

In the first three quarters, the national government fund budget revenue was 2501 billion yuan, a year-on-year decrease of 18.6%. Looking at the central government and local authorities, the budget revenue of central government funds was 368.2 billion yuan, up 12.4% year on year; local government fund budget revenue was 213.28 billion yuan, down 22.3% year on year. Among them, revenue from state-owned land use rights concessions was 16087 billion yuan, down 27.9% year on year.

(2) Budget expenditure of government funds.

In the first three quarters, the national government fund budget expenditure was 6275.4 billion yuan, a year-on-year decrease of 16.2%. Looking at the central government and local authorities, the central government fund budget expenditure was 369.2 billion yuan, down 54.4% year on year; local government fund budget expenditure was 590.62 billion yuan, down 11.6% year on year. Among them, expenditure related to revenue from state-owned land use rights concessions was 2556.5 billion yuan, down 18.5% year on year.

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