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.

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

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.

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.

China Government Surplus or Deficit: Year to Date data was reported at -1,262.600 RMB bn in Mar 2025. This records a decrease from the previous number of -124.000 RMB bn for Feb 2025. China Government Surplus or Deficit: Year to Date data is updated monthly, averaging 268.625 RMB bn from Jan 2007 (Median) to Mar 2025, with 212 observations. The data reached an all-time high of 1,535.486 RMB bn in Jul 2011 and a record low of -6,491.000 RMB bn in Dec 2024. China Government Surplus or Deficit: Year to Date 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: Monthly.

This graph shows the government budget balance as a share of GDP in China in selected years from 2000 to 2022. In 2022, China's government deficit had taken up about *** percent of the national GDP.

China Government Surplus or Deficit: Central Level data was reported at 135.800 RMB bn in Mar 2025. This records a decrease from the previous number of 633.400 RMB bn for Dec 2024. China Government Surplus or Deficit: Central Level data is updated monthly, averaging 330.150 RMB bn from Mar 2009 (Median) to Mar 2025, with 168 observations. The data reached an all-time high of 732.300 RMB bn in Jul 2021 and a record low of -148.200 RMB bn in Dec 2019. China Government Surplus or Deficit: Central Level 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: Monthly.

Government Spending in China increased to 224396.60 CNY Hundred Million in 2024 from 222474.20 CNY Hundred Million in 2023. This dataset provides - China Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Deficit: Target: Local data was reported at 800,000.000 RMB mn in 2025. This records an increase from the previous number of 720,000.000 RMB mn for 2024. China Deficit: Target: Local data is updated yearly, averaging 800,000.000 RMB mn from Dec 2015 (Median) to 2025, with 11 observations. The data reached an all-time high of 980,000.000 RMB mn in 2020 and a record low of 500,000.000 RMB mn in 2015. China Deficit: Target: Local data remains active status in CEIC and is reported by The Central People's Government. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FA: Government Finance: Target.

Key information about Hong Kong SAR (China) Consolidated Fiscal Balance: % of GDP

• Hong Kong SAR (China) Consolidated Fiscal Balance recorded a deficit equal to 4.3 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 6.1 % in the previous quarter
• Hong Kong SAR (China) Consolidated Fiscal Balance to GDP data is updated quarterly, available from Sep 1999 to Dec 2024, with an average ratio of 1.1 %
• The data reached an all-time high of 8.4 % in Dec 2007 and a record low of -9.2 % in Mar 2021

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Treasury provides Consolidated Fiscal Balance in local currency. Census and Statistics Department provides Nominal GDP in local currency.


Further information about Hong Kong SAR (China) Consolidated Fiscal Balance: % of GDP

• In the latest reports, Hong Kong SAR (China) National Government Debt reached 190.1 USD bn in Mar 2024
• Hong Kong SAR (China) Nominal GDP reached 91.4 USD bn in Mar 2023

China recorded a Government Debt to GDP of 88.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - China Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Deficit: Target: Central data was reported at 4,860,000.000 RMB mn in 2025. This records an increase from the previous number of 3,340,000.000 RMB mn for 2024. China Deficit: Target: Central data is updated yearly, averaging 1,475,000.000 RMB mn from Dec 2008 (Median) to 2025, with 18 observations. The data reached an all-time high of 4,860,000.000 RMB mn in 2025 and a record low of 160,800.000 RMB mn in 2008. China Deficit: Target: Central data remains active status in CEIC and is reported by The Central People's Government. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FA: Government Finance: Target.

China: Budget balance forecast, percent of GDP: The latest value from 2030 is -8.11 percent, a decline from -8.04 percent in 2029. In comparison, the world average is -2.33 percent, based on data from 81 countries. Historically, the average for China from 1995 to 2030 is -3.26 percent. The minimum value, -8.17 percent, was reached in 2020 while the maximum of -0.07 percent was recorded in 2011.

China Government Surplus or Deficit: Local Level data was reported at -1,274.400 RMB bn in Mar 2025. This records an increase from the previous number of -2,520.100 RMB bn for Dec 2024. China Government Surplus or Deficit: Local Level data is updated monthly, averaging -541.650 RMB bn from Mar 2009 (Median) to Mar 2025, with 168 observations. The data reached an all-time high of 230.664 RMB bn in Jan 2015 and a record low of -2,520.100 RMB bn in Dec 2024. China Government Surplus or Deficit: Local Level 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: Monthly.

The national debt of China was approximately 16.65 trillion U.S. dollars in 2024. Following a continuous upward trend, the national debt has risen by around 16.46 trillion U.S. dollars since 1995. Between 2024 and 2030, the national debt will rise by around 13 trillion U.S. dollars, continuing its consistent upward trajectory.

China: Fiscal balance, percent of GDP: The latest value from 2023 is -4.6 percent, an increase from -4.7 percent in 2022. In comparison, the world average is -2.83 percent, based on data from 143 countries. Historically, the average for China from 1982 to 2023 is -1.8 percent. The minimum value, -6.2 percent, was reached in 2020 while the maximum of 0.92 percent was recorded in 1985.

Key information about China Government Debt: % of GDP

• China Government debt accounted for 25.6 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 25.1 % in the previous quarter.
• China government debt to GDP ratio data is updated quarterly, available from Mar 2014 to Dec 2024.
• The data reached an all-time high of 25.6 % in Dec 2024 and a record low of 14.0 % in Mar 2014.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Ministry of Finance provides Government Debt in local currency. The National Bureau of Statistics provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about China Government Debt: % of GDP

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

Depicted is the budget balance in relation to the GDP in China which amounts to approximately -8.57 percent in 2025.Fluctuating decline between 1982 and 2025Compared to the earliest depicted observation from 1982 this is a total decrease by approximately 8.79 percentage points. The trajectory from 1982 to 2025 shows however that this decrease did not happen continuously.Fluctuating rise between 2025 and 2030The budget balance will be about -8.11 percent in 2030, according to forecasts. From 2025 onwards, there is an overall increase by approximately 0.46 percentage points.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.

China Government Surplus or Deficit: Year to Date: Local Level data was reported at -2,824.100 RMB bn in Mar 2025. This records a decrease from the previous number of -1,549.700 RMB bn for Feb 2025. China Government Surplus or Deficit: Year to Date: Local Level data is updated monthly, averaging -2,678.000 RMB bn from Sep 2008 (Median) to Mar 2025, with 183 observations. The data reached an all-time high of 230.664 RMB bn in Jan 2015 and a record low of -12,462.600 RMB bn in Dec 2024. China Government Surplus or Deficit: Year to Date: Local Level 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: Monthly.

The budget balance in relation to the GDP in South Korea was forecast to continuously increase between 2024 and 2030 by in total 0.23 percentage points. The budget balance is estimated to amount to -0.41 percent in 2030. 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 Japan, Taiwan, and China.