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 November 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


Related Last Previous Unit Reference
Government Budget -3.70 -2.80 percent of GDP Dec/20
Government Budget Value -170.10 -437.60 CNY Billion Oct/21
Government Revenues 17506.00 13932.00 CNY HML Oct/21
Fiscal Expenditure 14668.00 23922.00 CNY HML Oct/21
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.