BEIJING (Reuters) - China budgeted spending of 15.3 trillion yuan ($2.5 trillion) in 2014 and a deficit of about 2.1 percent of gross domestic produce (GDP), the Ministry of Finance said on Wednesday in its work plan unveiled at the annual parliament meeting.
The ministry said it was raising the quota for bonds issued by local governments to 400 billion yuan in 2014, compared with 350 billion yuan in 2013.
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