China sets deficit-to-GDP ratio of 3 pct for 2024

Xinhua | Updated: 2024-03-05 09:34

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The 14th National People's Congress, China's national legislature, opens its second session at the Great Hall of the People in Beijing, March 5, 2024. [Photo/Xinhua]

BEIJING -- China has set its ratio of deficit to gross domestic product at 3 percent for 2024, with the government deficit to rise 180 billion yuan from the 2023 budget figure, according to a government work report submitted Tuesday to the national legislature for deliberation.

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China sets deficit-to-GDP ratio of 3 pct for 2024