China to increase budget deficit, ramp up govt bond issuance to support growth By Reuters


© Reuters. FILE PHOTO: Visitors stand in Tiananmen Square in Beijing, China June 12, 2024. REUTERS/Nicoco Chan/File photo

BEIJING (Reuters) – China will raise its budget deficit ratio, boost fiscal spending and accelerate spending by 2025, the finance ministry said on Tuesday.

The government will arrange for a larger scale of government bonds to provide more support for strengthening growth, the ministry said, citing a major government conference held between Monday and Tuesday.





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