2010 budget deficit under 3% Of GDP

Jia Kang, who heads the institute of fiscal science at the ministry, made the comment to Dow Jones Newswires on the sidelines of the annual session of the Chinese People’s Political Consultative Conference.

The Ministry of Finance is due to announce its 2010 budget plan Friday at the opening of the National People’s Congress, the annual legislative session.

Preliminary government figures showed last year’s budget gap was 2.2% of gross domestic product. That was up from around 0.4% in 2008, but lower than the 3.0% authorities had projected.

Source : Konaxis

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