The revenues of the budget of China for the period from January to July this year grew by 10% in annual terms and amounted to 12 trillion yuan, according to the data of the country's Ministry of Finance. Expenses increased by 7.3% compared to the same period last year to 12 trillion 600 billion yuan. In July, budget revenues of China amounted to 1 trillion 750 billion yuan, increased by 6.1% in annual terms. Incomes to the central budget increased by 1.2%, to local budgets - by 11.4%. It is expected that by the end of 2018, the budget deficit of the PRC will be 2.6% of GDP, falling from 3% of GDP in 2017.
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