China Government Budget

China is expected to record a Government Budget deficit equal to 1.50 percent of the countrys Gross Domestic Product in 2012. Government Budget in China is reported by the Ministry of Finance of the Peoples Republic of China. From 1988 until 2012, China Government Budget averaged -1.9 Percent of GDP reaching an all time high of 0.6 Percent of GDP in December of 2007 and a record low of -3.1 Percent of GDP in December of 1991. 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. This page provides - China Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1.50 -1.10 0.58 -3.05 -1.73 | 2013/12 1988 - 2012 Percent of GDP Yearly

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China Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Budget Value 2574.60 2014-02-15 5281.23 5885.80 -15554.19 -1269.48 2014-03-31 CNY HML [+]
Government Spending 71409.00 2012-06-29 63154.90 71409.00 93.30 72108.39 2012-12-31 CNY HML [+]
Government Debt To GDP 26.00 2012-12-31 28.70 33.50 1.00 22.29 2013-12-31 Percent [+]
Credit Rating 78.82 [+]
Government Budget -1.50 2012-12-31 -1.10 0.58 -3.05 -1.73 2013-12-31 Percent of GDP [+]
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Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


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