Yet several analysts said now is the best time to start as companies have fortified their coffers with bumper profits during a pandemic that emptied public transit and airports, and led to more holidaying within driving distance.

Several factors helped boost the government's coffers, including the ongoing economic recovery and a general expectation that growth will pick up in the future, according to the ministry.

Some local authorities are also exploring ways to fill their coffers.

Good news from the approved deal for the US debt ceiling impasse may quickly turn to be bad news for financial markets, Reuters said on May 28, explaining that once a deal is reached, the US Treasury is expected to quickly refill its empty coffers with bond issuances, sucking hundreds of billions of dollars of cash from the market.

Fund supervision and state coffer management will be strengthened to ensure that tax refunds will go directly to market entities and subsidies will be directly channeled to prefecture- and county-level governments.

The year-on-year slide in the value-added tax revenue, the biggest contributor to the country's national coffer, narrowed by 19.1 percent for the January-June period, versus 23.6 percent for the first three months as production activities in the industrial sector continued to recover, Liu said.

For the next step, the ministry will actively explore budget performance evaluation in cultural enterprises and guide them to make good use of budget funds from the state's coffers so as to enhance the efficiency of State-owned assets operating and support the reform and development of cultural enterprises.