Name: China Government Budget
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: China,Government Budget,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

China recorded a Government Budget deficit equal to 6.50 percent of the country's Gross Domestic Product in 2024. Government Budget in China averaged -3.03 percent of GDP from 1988 until 2024, 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 -4.00 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Government Budget is projected to trend around -4.00 percent of GDP in 2026 and -6.00 percent of GDP in 2027, according to our econometric models.

Related	Last	Previous	Unit	Reference
Fiscal Expenditure	38857.00	22713.00	CNY Hundred Million	Dec 2025
Government Budget	-6.50	-5.80	percent of GDP	Dec 2024
Government Budget Value	-23328.00	4527.00	CNY Hundred Million	Dec 2025
Government Revenues	15529.00	18186.00	CNY Hundred Million	Dec 2025

China Government Budget

The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.