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Budget deficit set to rise

Update Date:2018-07-05 17:13:17     Source:www.3737580.com     Views:278

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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.

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