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 August 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.