Government Spending in China increased to 238874 CNY HML in 2019 from 220904.10 CNY HML in 2018.

Government Spending in China averaged 30275.53 CNY HML from 1950 until 2019, reaching an all time high of 238874 CNY HML in 2019 and a record low of 68.10 CNY HML in 1950. This page provides - China Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Government Spending - values, historical data and charts - was last updated on October of 2020. source: National Bureau of Statistics of China

Government Spending in China is expected to reach 27800.00 CNY HML by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Government Spending is projected to trend around 28500.00 CNY HML in 2021 and 29100.00 CNY HML in 2022, according to our econometric models.

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China Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
238874.00 220904.10 238874.00 68.10 1950 - 2019 CNY HML Yearly
Current Prices, NSA

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 Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.