China recorded a government budget deficit of 178.30 CNY Billion in May of 2021. source: Ministry of Finance of the People's Republic of China

Government Budget Value in China averaged -192.30 CNY Billion from 1990 until 2021, reaching an all time high of 5885.80 CNY Billion in January of 2012 and a record low of -15554.19 CNY Billion in December of 2013. This page provides - China Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Government Budget Value - values, historical data and charts - was last updated on July of 2021.

Government Budget Value in China is expected to be -420.00 CNY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in China to stand at -720.00 in 12 months time. In the long-term, the China Government Budget Value is projected to trend around -450.00 CNY Billion in 2022, according to our econometric models.

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China Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-178.30 4.20 5885.80 -15554.19 1990 - 2021 CNY Billion Monthly
Current Prices, NSA

China Government Last Previous Highest Lowest Unit
Government Debt to GDP 66.80 57.10 66.80 20.60 percent of GDP [+]
Government Budget -3.70 -2.80 0.58 -4.20 percent of GDP [+]
Government Budget Value -178.30 4.20 5885.80 -15554.19 CNY Billion [+]
Government Spending 238874.00 220904.10 238874.00 68.10 CNY HML [+]
Government Revenues 20662.00 18446.00 41805.00 138.36 CNY HML [+]
Fiscal Expenditure 28123.00 17157.00 37742.00 138.60 CNY HML [+]
Credit Rating 80.00 [+]
Military Expenditure 244934.00 240333.00 244934.00 19577.00 USD Million [+]

China Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.