China recorded a Government Budget deficit equal to 5.80 percent of the country's Gross Domestic Product in 2023. This dataset provides - China Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Govt Budget: General Public Budget Expenditure data was reported at 29,700,500.000 RMB mn in 2025. This records an increase from the previous number of 28,549,000.000 RMB mn for 2024. China Govt Budget: General Public Budget Expenditure data is updated yearly, averaging 24,154,700.000 RMB mn from Dec 2014 (Median) to 2025, with 12 observations. The data reached an all-time high of 29,700,500.000 RMB mn in 2025 and a record low of 15,303,700.000 RMB mn in 2014. China Govt Budget: General Public Budget Expenditure data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FAS: Budget: General Public Budget Revenue & Expenditure: National.

China recorded a government budget deficit of 9375 CNY Hundred Million in June of 2025. This dataset provides - China Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the budget balance in relation to the gross domestic product (GDP) in China stood at approximately -7.34 percent. Between 1982 and 2024, the figure dropped by around 7.56 percentage points, though the decline followed an uneven course rather than a steady trajectory. The budget balance is forecast to decline by about 0.77 percentage points from 2024 to 2030, fluctuating as it trends downward.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 expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

According to a survey conducted in China in June 2024 among adults up to 35 years old, around ** percent of respondents said their annual vacation travel budget ranged between ***** and 10,000 yuan. Only *** percent confirmed that they spent less than ***** yuan per year on leisure traveling.

China Government Expenditure: Science and Technology data was reported at 1,150,500.000 RMB mn in 2024. This records an increase from the previous number of 1,088,584.000 RMB mn for 2023. China Government Expenditure: Science and Technology data is updated yearly, averaging 621,326.500 RMB mn from Dec 2007 (Median) to 2024, with 18 observations. The data reached an all-time high of 1,150,500.000 RMB mn in 2024 and a record low of 178,304.000 RMB mn in 2007. China Government Expenditure: Science and Technology data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FAS: Final Account: General Public Budget Revenue & Expenditure: National.

Key information about China Consolidated Fiscal Balance: % of GDP

• China Consolidated Fiscal Balance recorded a deficit equal to 4.8 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 4.9 % in the previous quarter
• China Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 1995 to Dec 2024, with an average ratio of -2.0 %
• The data reached an all-time high of 1.4 % in Jun 2008 and a record low of -6.1 % in Dec 2020

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Ministry of Finance provides year-to-date Consolidated Fiscal Balance in local currency. The National Bureau of Statistics provides year-to-date Nominal GDP in local currency. Consolidated Fiscal Balance as % of Nominal GDP prior to Q4 2007 is calculated from non year-to-date Consolidated Fiscal Balance.


Further information about China Consolidated Fiscal Balance: % of GDP

• In the latest reports, China National Government Debt reached 4,230.0 USD bn in Dec 2023
• China Nominal GDP reached 4,166.8 USD bn in Mar 2023

This graph shows public expenditure of the central government in China from 2014 to 2024. In 2024, public expenditure of the central government in China amounted to about *** trillion yuan.

This graph shows the annual growth rate of public expenditure on science and technology in China from 2014 to 2024. In 2024, total public expenditure on science and technology in China increased by *** percent compared to the previous year.

Government Expenditure: Central: Budget Adjustment Fund data was reported at 110,037.000 RMB mn in 2024. This records a decrease from the previous number of 296,090.000 RMB mn for 2023. Government Expenditure: Central: Budget Adjustment Fund data is updated yearly, averaging 110,037.000 RMB mn from Dec 2006 (Median) to 2024, with 19 observations. The data reached an all-time high of 361,311.000 RMB mn in 2021 and a record low of 10,113.000 RMB mn in 2009. Government Expenditure: Central: Budget Adjustment Fund data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FA: Government Revenue and Expenditure: Central Government.

The ratio of government expenditure to GDP in China stood at about 32.95 percent in 2024. From 1982 to 2024, the ratio rose by approximately 8.72 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the ratio will rise by around 0.96 percentage points, showing an overall upward trend with periodic ups and downs.Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.

This graph shows the government finance revenue in China from June 2023 to June 2025. In June 2025, the public finance revenue in China amounted to approximately *** trillion yuan.

Graph and download economic data for General government net lending/borrowing for China (GGNLBACNA188N) from 1982 to 2024 about budget, China, Net, and government.

China Government Expenditure: Social Security and Employment data was reported at 4,211,400.000 RMB mn in 2024. This records an increase from the previous number of 3,988,165.000 RMB mn for 2023. China Government Expenditure: Social Security and Employment data is updated yearly, averaging 2,030,507.000 RMB mn from Dec 2007 (Median) to 2024, with 18 observations. The data reached an all-time high of 4,211,400.000 RMB mn in 2024 and a record low of 544,716.000 RMB mn in 2007. China Government Expenditure: Social Security and Employment data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FAS: Final Account: General Public Budget Revenue & Expenditure: National.

In 2024, public spending on education in China reached *** trillion yuan. Education expenditure increased continuously over recent years, but growth rates are considerably lower than ten years ago. Development of public spending on education Since the beginning of the reform era, the Chinese government attached great importance to the development of the educational sector. Besides structural reforms, public spending on education was increased considerably. However, the whole educational sector lagged far behind international standards in terms of quality as well as quantity. Public expenditure on education as a share of the national GDP, which is a common measure to compare educational systems, ranged at only around 2.5 percent in the mid-1990s. In 1993, the government announced the plan to increase educational spending to four percent of the GDP until 2000, but it took 12 more years to reach that target. However, considering that at the same time the GDP grew by double digits most of the years, the financial situation of the education sector improved greatly. This manifests itself in the substantially increased number of graduates and quality of degrees. Since achieving the four percent target in 2012, the growth of educational spending, which had reached more than ** percent per year in the years before, was reduced to levels equaling the GDP growth. Compared to the public spending on education of developed countries, China is still at the lower range and did not reach the OECD average of around *** percent of the GDP in 2018. Spending per student Even though educational spending in China improved a lot in the last decades, when calculated per student, expenditure is still far behind developed countries. While spending per student on a tertiary level of education in OECD countries averaged around ****** U.S. dollars in 2020, it reached only ****** yuan per student in China in 2023, which is less than one third. This fact sheds some light on the average quality level of the educational system in China on a general basis and reminds us that China is a huge and populous country. Of which, some elite schools in the big cities coexist with vast numbers of schools in the countryside operating on a completely different level of quality.

China Government Expenditure: National Defense data was reported at 1,688,433.000 RMB mn in 2024. This records an increase from the previous number of 1,580,508.000 RMB mn for 2023. China Government Expenditure: National Defense data is updated yearly, averaging 21,800.000 RMB mn from Dec 1950 (Median) to 2024, with 75 observations. The data reached an all-time high of 1,688,433.000 RMB mn in 2024 and a record low of 2,801.000 RMB mn in 1950. China Government Expenditure: National Defense data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FAS: Final Account: General Public Budget Revenue & Expenditure: National.

The United States led the ranking of the countries with the highest military spending in 2024, with 997 billion U.S. dollars dedicated to the military. That constituted almost 40 percent of the total military spending worldwide that year, which amounted to 2.7 trillion U.S. dollars. This amounted to 3.4 percent of the U.S.'s gross domestic product (GDP), placing the country lower in the ranking of military expenditure as a percentage of GDP, compared to Ukraine, Israel, Algeria, Saudi Arabia, and Russia. China was the second largest military spender, with an estimated 314 billion U.S. dollars spent, with Russia following in third. Defense budgetAccording to the U.S. Congressional Budget Office, the outlays for defense will rise to 1.1 trillion U.S. dollars by 2033. The largest parts of the budget are dedicated to the Departments of the Navy and the Air Force. The budget for the U.S. Air Force for 2024 was nearly 260 billion U.S. dollars.Global military spendingThe value of military spending globally has grown steadily in the past years and reached 2.7 trillion U.S. dollars in 2024. Reasons for this are the outbreak of the Russia-Ukraine war in 2022, the war in Gaza, as well as increasing tensions in the South China Sea. North America is by far the leading region worldwide in terms of expenditure on the military.

In 2024, the general budget spending of the local government of Beijing municipality in China amounted to around ****** billion yuan. The general budget spending was considerably higher than budget revenue of China's capital.

Military expenditure (% of GDP) in China was reported at 1.6653 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Military expenditure (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

China Central Government Expenditure: General Public Budget data was reported at 347.500 RMB bn in Mar 2025. This records an increase from the previous number of 253.100 RMB bn for Feb 2025. China Central Government Expenditure: General Public Budget data is updated monthly, averaging 265.500 RMB bn from Jan 2014 (Median) to Mar 2025, with 135 observations. The data reached an all-time high of 533.900 RMB bn in Dec 2020 and a record low of 0.000 RMB bn in Dec 2024. China Central Government Expenditure: General Public Budget data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FA: Central Government Revenue and Expenditure: Monthly.