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    Fiscal caution as focus put on budget balance

    By Wei Tian | China Daily | Updated: 2013-03-25 07:57

    Fiscal caution as focus put on budget balance

    Greater prudence in spending and a better budget balance are the goals set by newly appointed cabinet officials at a major economic conference on Sunday.

    Despite rapid revenue growth, the budget deficit will, as planned, reach 1.2 trillion yuan ($193.2 billion) in 2013. This marks a 50 percent increase from the previous year.

    Vice-Premier Zhang Gaoli, addressing the China Development Forum, said the key was to spend wisely and not just let the government expand its share of the national coffers.

    Fiscal caution as focus put on budget balance

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