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China to Keep Rational Fiscal Deficit and Debt: Minister

CHINA PRESS
MNI (Sydney)

China will keep the fiscal deficit ratio and the scale of local government debts at rational levels this year, Minister of Finance Liu Kun said in an interview with the People's Daily. Liu's comments suggest the government may not continue last year's approach, which included setting the fiscal deficit/GDP ratio above 3.6% and selling CNY1 trillion in special bonds. China will also ensure the macro-leverage ratio stays stable in 2021 and will continue its efforts to rein in illegal debt raisings by local governments, Liu said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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