Economic news
China to increase budget deficit, ramp up govt bond issuance to support growth
2024.12.23 23:45
BEIJING (Reuters) – China will raise its budget deficit ratio, intensify fiscal spending and accelerate expenditure in 2025, the finance ministry said on Tuesday.
The government will arrange for a larger scale of government bonds to provide more support for stabilising growth, the ministry said, citing a major government conference held between Monday and Tuesday.
