China's Budget Outcome

Budget outcome (Surplus or Deficit)

Definition: A budget is a description of a financial plan. It is a list of estimates of revenues to and expenditures by an agent for a stated period of time. Normally a budget describes a period in the future not the past.

China is aiming for a deficit of about $137 billion or at 2% of its GDP. China’s current 2011 budget sits in deficit with revenue of $1.227 (trillion $US) and expenditure of $1.323 (Trillion $US) calculating the difference to be $0.096 (Trillion $US). 

Source: Taken from

http://www.reuters.com/article/2011/03/05/us-china-economy-budget-idUSTRE7240SY20110305

http://economics.about.com/cs/economicsglossary/g/budget.htm