Currently, market institutions and industry insiders are more in line with their expectations for the fiscal deficit rate. It is expected that next year's deficit rate will not be lower than this year's level, that is, no less than 4%. This level of deficit ratio not only continues the trend of fiscal expansion, but also prevents the risk of debt from accumulating too quickly. The fiscal deficit rate is a weather vane for all sectors of society to observe the strength of macroeconomic policies. From the perspective of stabilizing market expectations, the fiscal deficit rate level in the year the “15th Five-Year Plan” begins should not be lower than the previous year. In 2025, the fiscal policy direction changed to “more active”, and the deficit rate increased sharply by 1 percentage point to 4%, the highest level in recent years. In 2026, China will continue to implement a more active fiscal policy. Minister of Finance Lan Foan clearly stated that it is necessary to “maintain policy strength and maintain policy continuity.” Focusing on boosting the market's confidence in next year's economic work and sending a signal that the fiscal policy direction is consistent, it is necessary to keep the fiscal deficit rate trend stable next year.

Currently, market institutions and industry insiders are more in line with their expectations for the fiscal deficit rate. It is expected that next year's deficit rate will not be lower than this year's level, that is, no less than 4%. This level of deficit ratio not only continues the trend of fiscal expansion, but also prevents the risk of debt from accumulating too quickly. The fiscal deficit rate is a weather vane for all sectors of society to observe the strength of macroeconomic policies. From the perspective of stabilizing market expectations, the fiscal deficit rate level in the year the “15th Five-Year Plan” begins should not be lower than the previous year. In 2025, the fiscal policy direction changed to “more active”, and the deficit rate increased sharply by 1 percentage point to 4%, the highest level in recent years. In 2026, China will continue to implement a more active fiscal policy. Minister of Finance Lan Foan clearly stated that it is necessary to “maintain policy strength and maintain policy continuity.” Focusing on boosting the market's confidence in next year's economic work and sending a signal that the fiscal policy direction is consistent, it is necessary to keep the fiscal deficit rate trend stable next year.