BEIJING—China’s fiscal deficit for 2013 came in below the government’s budget projections, reflecting less aggressive spending on some social programs and better-than-expected revenue despite slower economic growth.
The figures suggest China has plenty of firepower to ratchet up spending if the economy slows considerably. Last year, economic growth came in at 7.7%, though the economy struggled somewhat in the first half of the year,…
See the article here: Chinese Deficit Below Forecast
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