Will China's Fiscal Deficit Rate Jump to 3 Percent?
Chen Yikan
/SOURCE : yicai
Will China's Fiscal Deficit Rate Jump to 3 Percent?
Yes. The downward pressure on the Chinese economy will increase th year, so the central government has confirmed that it will strengthen active fcal policies, which means the rate of budget deficit in comparon to GDP will climb to 3 percent, which more than last year's 2.6 percent. Th will create room for large-scale cuts in taxes and fees and maintain an appropriate scale of fcal expenditures. However, the 3 percent rate unlikely to be surpassed./n/n/n/n/nLocal governments are expected to sue special bonds in excess of CNY2 trillion (USD292 billion) th year, which will ensure that China maintains a certain amount of government infrastructure investment as well as bolstering the country's active fcal policy.

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Keywords: Predictions2019 , Fiscal Deficit Rate