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China Expects Larger Budget Deficit

Wall Street Journal Original article ›

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China's fiscal 2014 budget plans laid out at the March 2014 NPC meeting show an increase in the budget deficit by 12.5% to 1.35 trillion yuan ($221 billion). The deficit will be about 2.1% of inflation adjusted GDP, according to the Finance Ministry.

China's fiscal 2014 budget plans and spending priorities set at the National People's Congress (NPC) in 2014

03/08/2013

Increase in the budget deficit by 12.5% to meet spending priortities in the areas of job growth, healthcare, military spending, and tackling pollution.

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