China recorded a Government Budget deficit equal to 2.80 percent of the country's Gross Domestic Product in 2019.

Government Budget in China averaged -2.22 percent of GDP from 1988 until 2019, 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 October of 2020. source: Ministry of Finance of the People's Republic of China

Government Budget in China is expected to reach -4.70 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Government Budget is projected to trend around -4.90 percent of GDP in 2021 and -4.40 percent of GDP in 2022, according to our econometric models.

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China Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.80 -4.20 0.58 -4.20 1988 - 2019 percent of GDP Yearly

China Government Last Previous Highest Lowest Unit
Government Debt to GDP 50.50 46.80 50.50 20.40 percent [+]
Government Budget -2.80 -4.20 0.58 -4.20 percent of GDP [+]
Government Budget Value -460.20 -476.80 5885.80 -15554.19 CNY Billion [+]
Government Spending 238874.00 220904.10 238874.00 68.10 CNY HML [+]
Government Revenues 12043.00 18549.00 35232.00 138.36 CNY HML [+]
Fiscal Expenditure 16426.00 17088.00 32411.00 138.60 CNY HML [+]
Credit Rating 80.00 [+]
Military Expenditure 239223.00 227829.00 239223.00 19287.00 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.