Ministry of Finance: Deepening Pilot Programs for Scientific Fiscal Management

36Kr reports that the Ministry of Finance has released its report on the implementation of China's fiscal policy for the first half of 2026. The report highlights efforts to deepen fiscal management reforms, advance pilot programs for scientific fiscal management, and steadily implement initiatives including zero-based budgeting reform, integration and coordinated use of transfer payments, standardization of tax incentives and fiscal subsidy policies, and consumption tax reform.