The central government deficit in 2022 was 26500 billion yuan
The Audit Office has recently released its annual report on the execution status and other financial revenue auditing of the central budget for 2022, which was submitted to the Standing Committee of the National People's Congress. The report shows that in 2022, the total income of the general public central budget was CNY 1075.52 billion, while the total expenditure was CNY 1340.52 billion, with a deficit of CNY 265.00 billion, which remains balanced within the budget.
25 June 2023
This report is crucial for ensuring the efficient and effective use of public funds in China. The Audit Office plays an important role in overseeing the government's financial activities to ensure transparency and accountability. Their findings highlight potential areas where improvements can be made, such as reducing the deficit through increased revenue or by cutting unnecessary expenses.
The report also mentions that there were more than 300 cases of serious violations and crimes transferred for investigation. This is an important step in ensuring that public funds are being used appropriately and to prevent corruption within government entities.
In conclusion, the Audit Office's annual report on the execution status and other financial revenue auditing of the central budget provides valuable insights into how public funds are being used in China. The findings highlight potential areas for improvement and provide transparency and accountability to ensure that public funds are being used efficiently and effectively.