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The Economic Times

Top News / The Economic Times

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$1.8 Trillion: China runs record budget deficit as welfare spending soars

Government expenditure saw a nearly 4% increase compared to the previous year, resulting in a deficit of 12.7 trillion ($1.8 trillion). This figure represents the difference between government spending and its revenue, according to calculations by Bloomberg based on data released by the Ministry of Finance on Friday.

31 Jan 2026 12:10 am