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 August of 2021.

Government Budget in China is expected to reach -3.20 percent of GDP by the end of 2021, according to Trading Economics 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

Actual Previous Highest Lowest Dates Unit Frequency
-3.70 -2.80 0.58 -4.20 1988 - 2020 percent of GDP Yearly

China Government Last Previous Highest Lowest Unit
Government Debt to GDP 66.80 57.10 66.80 20.60 percent of GDP [+]
Government Budget -3.70 -2.80 0.58 -4.20 percent of GDP [+]
Government Budget Value -118.50 -178.30 5885.80 -15554.19 CNY Billion [+]
Government Spending 238874.00 220904.10 238874.00 68.10 CNY HML [+]
Government Revenues 20662.00 18446.00 41805.00 138.36 CNY HML [+]
Fiscal Expenditure 28123.00 17157.00 37742.00 138.60 CNY HML [+]
Credit Rating 80.00 [+]
Military Expenditure 244934.00 240333.00 244934.00 19577.00 USD Million [+]


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.