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China is the world's second-richest government. Its fiscal revenue will total about $2.5 trillion for this year.
Last year, China had fiscal revenues of $2.33 trillion. Only the United States government had a higher fiscal revenue of $2.99 trillion.
Interestingly, China and the US are both running annual fiscal deficits at 3% of GDP. The 3% benchmark for an annual fiscal deficit was set in the European Maastricht Treaty as the maximum sustainable deficit over the long-term.
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China fiscal revenue up 14.1% in first quarter | ChinaDaily
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China's fiscal revenue grows 4.5% in 2016 | ChinaDaily
"BEIJING - China's fiscal revenue grew 4.5 percent year-on-year in 2016, to 15.96 trillion yuan ($2.33 trillion), the Ministry of Finance said Monday."
Last year, China had fiscal revenues of $2.33 trillion. Only the United States government had a higher fiscal revenue of $2.99 trillion.
Interestingly, China and the US are both running annual fiscal deficits at 3% of GDP. The 3% benchmark for an annual fiscal deficit was set in the European Maastricht Treaty as the maximum sustainable deficit over the long-term.
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China fiscal revenue up 14.1% in first quarter | ChinaDaily
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China's fiscal revenue grows 4.5% in 2016 | ChinaDaily
"BEIJING - China's fiscal revenue grew 4.5 percent year-on-year in 2016, to 15.96 trillion yuan ($2.33 trillion), the Ministry of Finance said Monday."
