Fact check · zh-CN
Fact check: the city's 2025 deficit of ‘1.2bn yuan, 8% of budget’
Social media posts claim the city's 2025 fiscal deficit reached 1.2 billion yuan, or 8% of its annual budget. We checked the finance bureau'
Social media posts claim the city's 2025 fiscal deficit reached 1.2 billion yuan, or 8% of its annual budget.
We checked the finance bureau's 2025 budget execution report and the provincial audit office's special audit.
What the documents say
The report shows general public budget revenue of 14.86 billion yuan and expenditure of 16.04 billion yuan — a gap of 1.18 billion, or 7.4% of expenditure.
The audit notes that some special bond funds were carried over to the next year; on a full-caliber basis the deficit is slightly larger, but below the claimed 1.2 billion.
Verdict
The “about 1.2 billion” figure is essentially correct (1.18 billion). The “8% of budget” figure is an overstatement: the published basis gives 7.4%, which makes the framing misleading.
Verification
Reasoning：The finance bureau reports 1.18 billion yuan; 1.2 billion is a rounding.
Source：2025 budget execution report · City Finance Bureau
Source：2025 special audit results · Provincial Audit Office
Reasoning：On the expenditure basis it is 7.4%; the 8% figure double-counts carryover funds.
Source：2025 budget execution report · City Finance Bureau
Source：Local fiscal reporting note · Fiscal Research Institute