Budget balance in China in relation to gross domestic product (GDP) 2013-2029
The budget balance in relation to the GDP in China was forecast to continuously decrease between 2024 and 2029 by in total 0.8 percentage points. According to this forecast, in 2029, the budget balance will have decreased for the sixth consecutive year to -8.24 percent.
The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
Find more key insights for the budget balance in relation to the GDP in countries like Mongolia, South Korea, and Taiwan.
The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
Find more key insights for the budget balance in relation to the GDP in countries like Mongolia, South Korea, and Taiwan.
