BEIJING: China has room to increase its fiscal deficit ratio to between 4% and 5% to more effectively boost the economy, official media quoted a central bank official as saying.
China’s current fiscal deficit target is 3% of gross domestic product (GDP), up from an actual 2.4% in 2015. But there is room for a slight increase, the Shanghai Securities News quoted Sheng Songcheng, director of the Survey and Statistics Department at the People’s Bank of China (PBoC), as saying at a forum last Saturday.
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