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Government budget and revenue in Zhejiang, China: official figures

The government of Zhejiang collected 870.8 billion yuan in general public budget revenue in 2024 (8,708 hundred million yuan), 3rd highest of 31 provincial-level divisions and 7.3% of the 11.93 trillion yuan collected by all regions together. This is local government revenue; it excludes central government revenue collected in the region.

General public budget revenue (2024)
870.8 billion yuan
2024

How much does the government of Zhejiang spend?

General public budget expenditure in Zhejiang was 1.26 trillion yuan in 2024 (12,565 hundred million yuan), 5th highest of 31 provincial-level divisions and 5.2% of the 24.39 trillion yuan spent by all regions together.

Source: National Bureau of Statistics of China · saved copy

Does Zhejiang raise enough revenue to cover its spending?

Local budget revenue in Zhejiang covered 69% of local budget expenditure in 2024 (870.8 billion yuan against 1.26 trillion yuan); for all regions together it covered 49%. That is 4th highest of 31 provincial-level divisions.

Source: National Bureau of Statistics of China · saved copy

How large is government revenue compared with the economy of Zhejiang?

Local budget revenue equalled 9.7% of GRP in Zhejiang in 2024 (870.8 billion yuan against 9.01 trillion yuan), 9th highest of 31 provincial-level divisions.

Source: National Bureau of Statistics of China · saved copy

How much does the government of Zhejiang spend per person?

Per head of population, general public budget revenue in Zhejiang was 13,055 yuan in 2024 and expenditure 18,838 yuan (calculated from the 2024 year-end population of 66,700,000); expenditure per person is 13th highest of 31 provincial-level divisions.

Source: National Bureau of Statistics of China · saved copy

Where does the government of Zhejiang get its revenue?

Taxes were 80.3% of local budget revenue in Zhejiang in 2024 (699.6 billion yuan) and non-tax income such as fees, fines and state asset income was 171.2 billion yuan (all regions together: 70.1% tax).

Source: National Bureau of Statistics of China · saved copy

How much tax is collected in Zhejiang?

Of local tax revenue in Zhejiang in 2024, domestic value-added tax brought in 292.4 billion yuan, corporate income tax 131.4 billion yuan and individual income tax 56.6 billion yuan.

Source: National Bureau of Statistics of China · saved copy

How much does Zhejiang spend on education?

Education spending by the government of Zhejiang was 247.5 billion yuan in 2024, 19.7% of its budget expenditure (all regions together 16.6%), 4th highest of 31 share among the 31 divisions.

Source: National Bureau of Statistics of China · saved copy

How much does Zhejiang spend on social security?

Social security and employment spending was 156.6 billion yuan in Zhejiang in 2024, 12.5% of budget expenditure (all regions together 16.8%).

Source: National Bureau of Statistics of China · saved copy

How much does Zhejiang spend on health care?

Health care spending was 98.8 billion yuan in Zhejiang in 2024, 7.9% of budget expenditure (all regions together 8.2%).

Source: National Bureau of Statistics of China · saved copy

How much does Zhejiang pay in interest on government debt?

Interest payments on government debts took 25.6 billion yuan of the budget of Zhejiang in 2024, 2.0% of expenditure (all regions together 2.2%).

Source: National Bureau of Statistics of China · saved copy

What does the government of Zhejiang spend money on?

Agriculture, forestry and water conservancy took 103.5 billion yuan (8.2% of expenditure), transportation 51.5 billion yuan (4.1%) and housing security 32.9 billion yuan (2.6%) in the 2024 budget of Zhejiang.

Source: National Bureau of Statistics of China · saved copy

How much does Zhejiang spend on public security?

Public security spending was 75.7 billion yuan in Zhejiang in 2024 (6.0% of expenditure) and science and technology spending was 88.7 billion yuan (7.1%).

Source: National Bureau of Statistics of China · saved copy

How much does Zhejiang spend on medical aid?

Medical aid in Zhejiang spent 2,134,860,000 yuan in 2024 on outpatient and inpatient treatment for people in need (national total 56.0 billion yuan).

Source: National Bureau of Statistics of China · saved copy

How much does Zhejiang pay towards health insurance for poor residents?

Medical aid in Zhejiang also paid 559,120,000 yuan in 2024 towards basic medical insurance contributions for low-income people, 738 yuan per subsidised person (national average 234 yuan).

Source: National Bureau of Statistics of China · saved copy

How much is the average medical aid payment in Zhejiang?

Medical aid treatment spending in Zhejiang averaged 160 yuan per treatment in 2024 (5th lowest of 31 provinces, municipalities and autonomous regions; national average 310 yuan).

Source: National Bureau of Statistics of China · saved copy

How much does Zhejiang spend on medical aid per person?

Medical aid treatment spending in Zhejiang came to 32.0 yuan per resident in 2024 (11th lowest of 31 provinces, municipalities and autonomous regions; national figure 39.8 yuan).

Source: National Bureau of Statistics of China · saved copy

What is the total medical aid budget of Zhejiang?

In total medical aid spending in Zhejiang in 2024 was 2,693,980,000 yuan, 3.6% of the national total of 74.5 billion yuan (insurance subsidies plus treatment aid).

Source: National Bureau of Statistics of China · saved copy

How Zhejiang compares with other provinces

Budget expenditure per person (2024)

Zhejiang ranks 13 of 31, highest first. General public budget expenditure divided by year-end population

RankRegionBudget expenditure per person
10Heilongjiang21,309 yuan
11Jilin20,168 yuan
12Gansu19,466 yuan
13Zhejiang18,838 yuan
14Shaanxi18,461 yuan
15Shanxi18,319 yuan
16Jiangsu17,938 yuan
Source: National Bureau of Statistics of China · saved copy

Local revenue as a share of local spending (2024)

Zhejiang ranks 4 of 31, highest first. General public budget revenue divided by general public budget expenditure

RankRegionLocal revenue as a share of local spending
1Shanghai85%
2Beijing76%
3Guangdong75%
4Zhejiang69%
5Jiangsu66%
6Fujian59%
7Shandong59%
Source: National Bureau of Statistics of China · saved copy

Education share of budget expenditure (2024)

Zhejiang ranks 4 of 31, highest first. Education spending as a share of general public budget expenditure

RankRegionEducation share of budget expenditure
1Guangdong22.6%
2Fujian21.2%
3Shandong21.0%
4Zhejiang19.7%
5Guangxi19.0%
6Guizhou18.5%
7Jiangxi18.1%
Source: National Bureau of Statistics of China · saved copy

Medical aid treatment spending per resident (yuan) (2024)

Zhejiang ranks 21 of 31, highest first.

RankRegionMedical aid treatment spending per resident (yuan)
18Hunan35.5 yuan
19Hebei34.5 yuan
20Shaanxi33.0 yuan
21Zhejiang32.0 yuan
22Shanghai29.8 yuan
23Henan28.3 yuan
24Liaoning27.6 yuan
Source: National Bureau of Statistics of China · saved copy

Average medical aid paid per treatment (yuan) (2024)

Zhejiang ranks 27 of 31, highest first.

RankRegionAverage medical aid paid per treatment (yuan)
24Hebei203 yuan
25Shanghai186 yuan
26Xizang (Tibet)167 yuan
27Zhejiang160 yuan
28Jiangsu157 yuan
29Hainan155 yuan
30Beijing117 yuan
Source: National Bureau of Statistics of China · saved copy

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