China recorded a Government Budget deficit equal to 7.40 percent of the country's Gross Domestic Product in 2022. Government Budget in China averaged -2.82 percent of GDP from 1988 until 2022, reaching an all time high of 0.58 percent of GDP in 2007 and a record low of -8.60 percent of GDP in 2020. source: Ministry of Finance of the People's Republic of China

Government Budget in China is expected to reach -7.00 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Government Budget is projected to trend around -6.00 percent of GDP in 2024 and -6.50 percent of GDP in 2025, according to our econometric models.

Related Last Previous Unit Reference
Fiscal Expenditure 43624.00 36112.00 CNY Hundred Million Feb 2024
Government Budget -7.40 -6.10 percent of GDP Dec 2022
Government Budget Value -354.40 -292.10 CNY Billion Feb 2024
Government Revenues 44585.00 16653.00 CNY Hundred Million Feb 2024

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.
Actual Previous Highest Lowest Dates Unit Frequency
-7.40 -6.10 0.58 -8.60 1988 - 2022 percent of GDP Yearly