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Shanghai's expenditure is considerably higher than budget revenue.
In 2023, the general budget revenue of the local government of Shanghai municipality in China amounted to around 813.25 billion yuan. The government revenue ranged at only 49.8 billion yuan in 2000 and increased considerably over the years. General budget revenue of the local government in Shanghai, China from 2013 to 2023 (in billion yuan)
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Shanghai Municipal Statistics Bureau. (March 21, 2024). General budget revenue of the local government in Shanghai, China from 2013 to 2023 (in billion yuan) [Graph]. In Statista. Retrieved May 06, 2024, from https://www.statista.com/statistics/1131252/china-local-government-finance-revenue-shanghai/
Shanghai Municipal Statistics Bureau. "General budget revenue of the local government in Shanghai, China from 2013 to 2023 (in billion yuan)." Chart. March 21, 2024. Statista. Accessed May 06, 2024. https://www.statista.com/statistics/1131252/china-local-government-finance-revenue-shanghai/
Shanghai Municipal Statistics Bureau. (2024). General budget revenue of the local government in Shanghai, China from 2013 to 2023 (in billion yuan). Statista. Statista Inc.. Accessed: May 06, 2024. https://www.statista.com/statistics/1131252/china-local-government-finance-revenue-shanghai/
Shanghai Municipal Statistics Bureau. "General Budget Revenue of The Local Government in Shanghai, China from 2013 to 2023 (in Billion Yuan)." Statista, Statista Inc., 21 Mar 2024, https://www.statista.com/statistics/1131252/china-local-government-finance-revenue-shanghai/
Shanghai Municipal Statistics Bureau, General budget revenue of the local government in Shanghai, China from 2013 to 2023 (in billion yuan) Statista, https://www.statista.com/statistics/1131252/china-local-government-finance-revenue-shanghai/ (last visited May 06, 2024)
General budget revenue of the local government in Shanghai, China from 2013 to 2023 (in billion yuan) [Graph], Shanghai Municipal Statistics Bureau, March 21, 2024. [Online]. Available: https://www.statista.com/statistics/1131252/china-local-government-finance-revenue-shanghai/