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Table 1 China’s full-covered fiscal expenditure from 2003 to 2012 (unit: 100 million yuan)

From: The size and structure of China’s full-covered fiscal expenditure

Year

Public fiscal expenditure

Off-budget expenditure

Government fund expenditure

Five social security expenditure

Land-leasing expenditure

Incremental local government debt

Full-covered fiscal expenditure

Full-covered fiscal expenditure/GDP (%)

2003

24,649.95

4,156.36

2,138.62

3,446.40

3,523.85

4,424.72

42,339.90

31.17

2004

28,486.89

4,351.73

2,511.98

4,036.87

4,167.91

4,661.84

48,217.23

30.16

2005

33,930.28

5,242.48

2,936.23

4,732.70

3,824.48

5,888.84

56,555.00

30.58

2006

40,422.73

5,866.95

3,496.13

5,516.99

4,606.13

7,438.78

67,347.72

31.13

2007

49,781.35

6,112.42

3,681.41

6,776.83

7,290.00

9,396.67

83,038.68

31.24

2008

62,592.66

6,346.36

5,261.07

8,481.10

6,225.00

10,589.08

99,495.27

31.68

2009

76,299.93

6,228.29

4,371.65

10,525.87

7,680.20

34,481.64

139,587.6

40.95

2010

89,874.16

5,754.69

7,675.08

12,843.58

16,010.47

17,005.88

149,163.9

37.15

2011

109,247.79

-

10,222.71

15,720.52

17,127.23

24,307

176,625

37.33

2012

125,952.97

-

7,650.85

17,086.69

14,680.34

24,307

189,677

36.51

  1. Source: author’s estimation. The data of public fiscal expenditure, land-leasing expenditure, and government funds expenditures are from the China Financial Yearbook or the NPC budget reports. Five social security expenditures are deducted from the expenditure in Human Resources and Social Security Yearbook by public fiscal subsidies. The data of incremental local government debt was calculated from the China Audit Office Bulletin No. 35 of 2011 and China Audit Office Bulletin No. 32 of 2013, where debt growth in 2003 to 2010 was from Bulletin No. 35 of 2011, assumed the growth rate in 2011 and 2012 was the same.