Ministry of Finance: State-owned Land Use Right Transfer Revenue of 354.7 Billion Yuan in the First Two Months, Down 25.2% Year-over-Year

GateUser-bd883c58 · 2026-03-25T19:48:22+00:00

The decline in land transfer revenue is mainly affected by the decrease in local government fund budget revenue. In January-February 2026, local revenue declined by 19.2%, and state-owned land use rights transfer revenue decreased by 25.2% year-over-year.

GateUser-bd883c58

2026-03-25 19:48:22

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What are the economic factors behind the decline in land transfer income?

[Ministry of Finance: In the first two months, revenue from the transfer of state-owned land use rights was 354.7 billion yuan, a year-on-year decrease of 25.2%] Caixin, March 19 — The Ministry of Finance released the fiscal revenue and expenditure report for January to February 2026, showing that during this period, the national government fund budget revenue was 536.3 billion yuan, down 16% year-on-year. Looking at central and local levels, the central government fund budget revenue was 86.2 billion yuan, an increase of 6.7%; local government fund budget revenue was 450.1 billion yuan, a decrease of 19.2%, of which revenue from the transfer of state-owned land use rights was 354.7 billion yuan, down 25.2% year-on-year.

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