Central Government Allocates 5 Billion Yuan in Infrastructure Funds for 2026 Rural Revitalization and Beautiful Village Initiative

The Ministry of Finance has issued a notification regarding the allocation of the 2026 central government infrastructure investment budget for the Rural Revitalization Special Fund, specifically designated for the Beautiful Village Construction initiative.

The notice, referencing the investment plan jointly issued by the National Development and Reform Commission and the Ministry of Agriculture and Rural Affairs, formally distributes the 2026 central infrastructure investment budget to relevant provinces, autonomous regions, municipalities, and cities with independent planning status.

These funds are to be used exclusively for the construction of beautiful and harmonious villages. The receiving authorities are instructed to allocate the funds according to their designated purpose, incorporate them into the appropriate 2026 fiscal expenditure categories for both functional and economic classification, and accept supervision from the local offices of the Ministry of Finance.

To enhance the efficiency of the central infrastructure funds, local governments are urged to promptly disburse the allocated capital, accelerate the pace of budget execution, and strengthen performance management and oversight of the funds. Strict adherence to financial discipline is mandated, with a clear prohibition against misappropriating or diverting the central infrastructure investment.

In line with the central government's directives on comprehensive budget performance management, authorities must monitor performance during budget execution against the targets outlined in the original investment plan. This is to ensure the annual performance goals are met on schedule and project construction proceeds smoothly.

Furthermore, local governments are instructed to follow the central government's approach by collaborating with their respective development and reform commissions to decompose and assign performance targets downward in a timely manner. Documentation regarding the fund distribution and the associated performance targets and indicators must be copied to the local supervisory bureaus of the Ministry of Finance.