China General Government Revenue, USD Billions. Units: National currency. Multiplier: Billions. Estimates begin after 2015 . This data is sourced from www.opendataforafrica.org where it is offered under an open data licence (www.opendataforafrica.org/legal/termsofuse). Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities. Source: Ministry of Finance or Treasury. Ministry of Finance (data retrieved from CEIC) and National Audit Office (NAO) (data obtained from NAO audit report) Latest actual data: 2015. Headline data (eg., revenue and expenditure) is updated to 2015 number, but actual data of some detailed componets (e.g. interest payment) is not available for 2015 Notes: Fiscal Balance: Data differ from official figures released by China?s Ministry of Finance mainly because of a difference in treatment of net contributions to the other accounts (e.g. Budget Stabilization Fund). General Government Debt: Data differ from official figures released by China?s Ministry of Finance because IMF numbers include, from 2010 onward, the stock of local government debt outstanding as reported in the June 2011 National Audit Office Report. For subsequent years, we have followed the amortization schedule outlined in the same report. Fiscal assumptions: The pace of fiscal consolidation is likely to be more gradual, reflecting reforms to strengthen social safety nets and the social security system announced as part of the Third Plenum reform agenda. Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2001. Authorities do not publish in GFS Manual 2001. Data estimated by staff. Basis of recording: Cash General government includes: Central Government;Local Government;. Includes adjustments of stabilization fund, social security fund, and government-managed funds. Valuation of public debt: Face value Primary domestic currency: Chinese yuan Data last updated: 08/2016.