January 9, 2019 / 3:39 AM / in 6 months

China plans 2019 fiscal deficit target of 2.8 pct of GDP -Bloomberg

BEIJING, Jan 9 (Reuters) - China’s finance ministry will propose an annual fiscal deficit target of 2.8 percent of the country’s GDP for 2019, up slightly from 2.6 percent target set for 2018, Bloomberg reported citing two unnamed sources.

The report said the proposed target was presented during the ministry’s annual work conference in December and remains subject to approval by China’s legislature.

Reporting by Beijing Monitoring Desk; Editing by Kim Coghill

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