China's national general public budget revenue increased by 3.5% year-over-year to RMB 8.3404 trillion from January to April 2026. Tax revenue contributed RMB 6.8097 trillion, marking a 3.9% rise, while non-tax revenue grew by 1.6% to RMB 1.5307 trillion. Notably, stamp duty on securities transactions surged by 74.8% to RMB 93.5 billion. During the same period, general public budget expenditures reached RMB 9.4809 trillion, a 1.3% increase year-over-year. Central government expenditures rose by 5.1% to RMB 1.291 trillion, while local government expenditures increased by 0.7% to RMB 8.1899 trillion. Meanwhile, government fund budget revenue fell by 18.9% to RMB 1.0208 trillion, with local government fund revenue dropping 22.1% due to a significant decline in state-owned land use rights transfers.