Budget deficit set to rise
Source: Xinhua |
February 1, 2016, Monday
|
Print Edition
Print Edition
CHINA’S proactive fiscal policy will continue in 2016 and its general public budget deficit will expand, China International Capital Corp has said in a note.
CICC analysts expect the deficit this year at 2.2 trillion yuan (US$336 billion), or 3 percent of the country’s gross domestic product.
CICC’s forecast came after a national fiscal work conference statement said last month that China would increase its budget deficit in 2016 and gradually raise its fiscal deficit ratio.
In an effort to shore up growth, China raised its deficit-to-GDP ratio to 2.3 percent for 2015 from 2.1 percent in 2014.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
