In 2021, general government structural balance for China was -6,436 billion LCU. Between 2007 and 2021, general government structural balance in China was decreasing on average by 66.90% each year, although before that, it grew from -227 billion LCU in 2002 to -37 billion LCU in 2007.
The description is composed by our digital data assistant.The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle; see, for example, A. Fedelino. A. Ivanova and M. Horton "Computing Cyclically Adjusted Balances and Automatic Stabilizers" IMF Technical Guidance Note No. 5, http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf.
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