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.