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China budgets 1.05 trln yuan of fiscal deficit for 2010

China budgets 1.05 trln yuan of fiscal deficit for 2010

Write: Oriana [2011-05-20]

BEIJING, March 5 (Xinhua) -- China budgets 1.05 trillion yuan (154.4 billion U.S. dollars) of fiscal deficit this year to support economic growth as government revenue will fall significantly short of expenditures, says a government work report to be delivered by Premier Wen Jiabao at the parliament's annual session Friday.