Answer:
The first Five-Year Plan strained China's budget because the government increased spending too fast to modernize its economy.
Step-by-step explanation:
The first Five-Year Plan was launched by the Chinese Communist Party in 1953 with the goal of rapidly industrializing the country and building up its infrastructure. The plan called for massive investment in heavy industry, such as steel production and coal mining, at the expense of consumer goods and agriculture. The government also implemented policies to collectivize agriculture and redistribute land to peasants, which led to a decline in agricultural output. To finance the ambitious industrialization program, the government increased spending significantly, especially on heavy industry projects. This led to a strain on the budget and a shortage of resources for other sectors of the economy. The government had to divert funds from other areas, such as agriculture and consumer goods production, to finance the industrial projects. This resulted in shortages of basic necessities and a decline in living standards for many people.