China expects 2021 budget deficit at around 3.2% of GDP

BEIJING (Reuters) – China expects its 2021 budget deficit to be around 3.2% of GDP, Premier Li Keqiang said in his work report released on Friday at the start of China’s annual session of parliament, the National People’s Congress (NPC).

Last year’s budget deficit target was set at above 3.6% of GDP.

(Reporting by Lusha Zhang and Tony Munroe; Editing by Jacqueline Wong)