Chinas final 1986 budget deficit was 7.05 billion yuan down from 7.05 billion given in the March budget speech and against a surplus of 2.1 billion in 1985 Tian Yinong Vice Minister of Finance said. The New China News Agency quoted Tian as putting total 1986 state income at 226.03 billion yuan up from 186.6 billion in 1985 and 1986 spending at 233.08 billion up from 184.5 billion. He blamed the 1986 deficit on excess demand a rapid increase in consumption funds and capital investment and losses by state firms.
CHINA GIVES FINAL 1986 BUDGET DEFICIT