Arab Today, arab today china fiscal deficit to go up 50
Last Updated : GMT 06:23:09
Arab Today, arab today
Arab Today, arab today

China fiscal deficit to go up 50%

Arab Today, arab today

Arab Today, arab today China fiscal deficit to go up 50%

Beirut - UPI

China\'s fiscal deficit could go up by up to 50 percent next year to 1.2 trillion yuan, or $192.4 billion, under government plans. The increase would push the fiscal deficit from 1.5 percent of GDP in 2012 to 2.2 percent in 2013, China Daily reported Friday. Citing China Business News, the report said the government plans to widen the deficit to 1.2 trillion yuan from a projected 800 billion yuan for 2012. Analysts told China Daily a higher deficit would allow the government, led by Xi Jinping and his new team of leaders, to make larger investments in infrastructure and offer tax cuts. Tax cuts would help boost domestic demand, which policymakers want to reduce China\'s reliance on exports, which have been declining because of the global crisis. Liu Yuhui, chief economist with Huatai Securities Co. Ltd., told China Daily the move suggests the government is trying to promote an economic restructuring through a short-term fiscal deficit, which he said would be a sound, market-oriented move. He said increased fiscal expenditure could also help reduce debt and eliminate overcapacity in some industries. \"In the short term, these expenditures are necessary, and will be beneficial for economic transformation, laying the foundation for more fiscal income and a lower deficit in the future,\" he said. But some other experts did not agree, saying a higher deficit would come at a time when government revenue is declining and would work against government\'s intention to lessen fiscal stimulus to kick-start the economy. Figures show while government revenue rose 11.9 percent in the first 11 months of this year, spending was up 17.9 percent during the same period. Another expert said while it may be easy to increase the deficit, it would become harder to reduce it.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china fiscal deficit to go up 50 Arab Today, arab today china fiscal deficit to go up 50

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china fiscal deficit to go up 50 Arab Today, arab today china fiscal deficit to go up 50

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday