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Tuesday, January 17, 2017
China's fiscal deficit rate could be modestly expanded
ANBOUND

On January 16, People's Daily published an article by the Financial Science Research Institute of China, that mentions appropriately increasing the rate of fiscal deficit would be favorable to the Chinese economic development, and it is of important practical significance. Anbound Think Tank research team believes that as a guide to a positive fiscal policy, the Government can consider continuing to expand the deficit rate. While considering the security, given the more uncertainties at home and abroad as well as the pressures of steady economic growth, the monetary policy and should not be too loose in order to ensure fiscal policy to be more effective. This year China's domestic fiscal deficit rate can be appropriately breaking through 3 % to a higher level, and the upper limit can reach 4.5% (Chan Kung, 2015).

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