Government Revenue and Expenditure
Gloria Van Rees
China’s revenue and expenditures show government balanced increased as of July 2018. The aggregated YTD government balance is -376 billion yuan. Central government revenue increased by 60 billion yuan, while central government expenditure decreased from 343 billion yuan to 254 billion. Local government revenue decreased by 82 billion yuan. Local expenditure decreased as well by 1.4 trillion yuan from a June high of 2.5 trillion yuan to 1.1 trillion in July. However, local expenditure is still outpacing revenue by 255 billion yuan.