China 2011 Fiscal Deficit CNY 519bln: Reports

(RTTNews.com) – China posted a fiscal deficit of CNY 519 billion in 2011, matching 1.1 percent of gross domestic product, reports said Friday citing data from the Finance Ministry.

The government targeted a deficit of CNY 900 billion in March last year. The Ministry also said that the fiscal revenue surged 24.8 percent to CNY 10.37 trillion during 2011.

Full-year fiscal expenditures were 21.2 percent higher than in 2010 and amounted to CNY 10.89 trillion in 2011.

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