Government Budget in China decreased to -3.70 percent of GDP in 2020 from -2.80 percent of GDP in 2019. source: Ministry of Finance of the People's Republic of China

Government Budget in China averaged -2.27 percent of GDP from 1988 until 2020, reaching an all time high of 0.58 percent of GDP in 2007 and a record low of -4.20 percent of GDP in 2018. This page provides - China Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Government Budget - values, historical data and charts - was last updated on September of 2022.

Government Budget in China is expected to reach -3.20 percent of GDP by the end of 2021, according to 王者荣耀电竞(江西)积分排榜 global macro models and analysts expectations. In the long-term, the China Government Budget is projected to trend around -3.00 percent of GDP in 2022 and -3.10 percent of GDP in 2023, according to our econometric models.

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China Government Budget

Related Last Previous Unit Reference
Government Budget -3.70 -2.80 percent of GDP Dec 2020
Government Budget Value -411.10 -557.50 CNY Billion Jun 2022
Government Revenues 19760.00 18482.00 CNY HML Jul 2022
Fiscal Expenditure 17864.00 29828.00 CNY HML Jul 2022

China Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-3.70 -2.80 0.58 -4.20 1988 - 2020 percent of GDP Yearly