China to run budget gap of 3% of GDP in 2024, issue special debt | Reuters News Agency
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EconomyGovernment
19 December 2023, 6:02 am 1 minute
Reuters exclusively reports that Chinese leaders agreed at an annual meeting on the economy this week to run a budget deficit of 3% of gross domestic product in 2024, while other fiscal support may be covered by off-budget debt.
Market Impact
While economic growth is on track for around 5% this year, it compares with a COVID-weakened 2022, and reaching a similar level in 2024 may need heavier fiscal support.
Article Tags
Topics of Interest: EconomyGovernment
Type: Reuters Best
Sectors: Economy & PolicyGovernment & Public Services
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
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