The Chinese Communist Party (CCP) regime’s fiscal balance for the first three quarters of 2022 shows that revenue for the country’s general public budget fell by 6.6 percent year-on-year, while revenue for the government funding budget fell 24.8 percent year-on-year, although corresponding expenditure increased significantly.
The Chinese Ministry of Finance announced the figures on Oct. 25. Cumulative public budget revenues amounted to 15.315 trillion yuan (about $2.11 trillion), a decrease of 6.6 percent year-on-year; while expenditures for the same period amounted to 19.039 trillion yuan (about $2.62 trillion), an increase of 6.2 percent year-on-year. The budget shortfall was 3.724 trillion yuan (about $510 billion).
