BEIJING - China is planning to outline a fiscal deficit of 900 billion yuan ($135 billion) for next year, 150 billion yuan less than this years target, according to a report in the Beijing-based Century Weekly Magazine on Monday. Eli Manning Jersey Authentic . A man draws lots to get affordable housing in Ningbo, Zhejiang province, earlier this year. The government will spend more next year to build affordable housing and on other projects aimed at improving peoples livelihood. [Zhang Peijian For China Daily] The central governments fiscal deficit will decrease to 700 billion, while debt issued by central authorities for local governments will be maintained at 200 billion yuan, the magazine cited an anonymous source close to the Ministry of Finance as saying. The magazine said that before the plan is passed at the annual national legislative session in March, the government might fine-tune the numbers in accordance with changes in the domestic economic situation and the level of recovery of major world economies. Related readings: Chinese fiscal deficit likely to decrease in 2011 China budgets 1.05t yuan of fiscal deficit for 2010 China to continue proactive fiscal policy in H2 China says too early to exit fiscal stimulus Liu Yuanchun, associate dean of the Economics School at Renmin University of China, told China Daily that if GDP grows at a rate above 9 percent, the 900 billion yuan deficit will be no larger than 2 percent of GDP. Judging by the current situation, the probability of a GDP growth rate below 9 percent is very small, which means the deficit is likely to be less than 2 percent of GDP, he said. In March, the nations leaders outlined an appropriate deficit of 1.05 trillion yuan for this year, roughly 2.8 percent of GDP, and an increase of about 100 billion yuan from last year. The total deficit consists of 850 billion yuan in central government deficit, and 200 billion yuan in local government bonds, which will be included in local government budgets. Chinas fiscal deficit hit 950 billion yuan in 2009, a six-year high, but was still less than 3 percent of GDP, considered by many economists as a security line. Despite a shrinking deficit in 2011, the fiscal policy is still undoubtedly a proactive one, said Liu. China formally decided in early December to adopt a proactive fiscal policy and a prudent monetary policy for 2011. As long as the government keeps a deficit, and tries to counter downward factors that may cause an economic slide with larger spending, it is still a proactive policy stance, said Liu, adding that Chinas fiscal revenue will still grow rapidly next year by between 16 and 18 percent. Analysts said greater-than-expected fiscal revenue this year will also contribute to a smaller deficit in 2011. Between January and November, Chinas fiscal revenue increased by 21.1 percent year-on-year to more than 7.67 trillion yuan, exceeding whole-year revenue in 2008 and 2009. Over the same period, fiscal expenditure rose by 27.3 percent to nearly 7.16 trillion yuan, according to the Ministry of Finance. Liu predicted that the actual deficit for 2010 will be more than 1 percent of GDP. Although the proactive policy will be maintained, it will still be very different from 2009 and 2010, when the government took an unusually loose fiscal stance to stimulate economic growth after the global financial crisis affected the nation, said Lu Zhengwei, chief economist with the Industrial Bank. He added that the governments spending focus for next year will be on promoting economic restructuring, instead of guaranteeing the growth rate. Zhang Ping, chairman of the National Development and Reform Commission, said earlier that government spending next year will focus more on building affordable housing and supporting areas such as irrigation and agricultural facilities, education and healthcare, energy saving and emissions reduction, and environmental protection. A proactive fiscal policy could offset the effect of shrinking monetary policy and support economic growth of more than 9 percent, said Lu Ting, economist at Bank of America-Merrill Lynch. Ahmad Bradshaw Super Bowl Jersey . Eskimos general manger Eric Tillman is conducting interviews with Hall and the coaching staff this week about this past season and their visions of the future. New York Giants Jersey . Related readings: Heavy rain caused floods in Asturias Rain closes schools for 65,000 children in S China Heavy rain lingers in flood-soaked S China The landslide hit a bus and a van at around 12 a. Jason Pierre-Paul Youth Jersey . Ryane Clowe a complété le pointage du côté des Sharks et Evgeni Nabokov a réalisé 28 arrêts pour infliger aux Ducks un 11e revers à leurs 15 derniers matchs. Les Sharks et les Ducks sont à lopposé lun de lautre au classement de lAssociation de lOuest, 19 points les séparant. Hakeem Nicks Super Bowl Jersey . Posey, the reigning National League Rookie of the Year, stroked a two-run double in the fourth inning. Miguel Tejada had a hit and an RBI while Tim Lincecum started the game and surrendered five hits, three earned runs while fanning a batter in a limited pitch count over 1 2/3 innings. Cheap Jason Pierre-Paul Jersey . [Agencies] Support for Japans new prime minister, Yukio Hatoyama, remains above 70 percent over two weeks after he took power, despite fragile backing for some of his proposed policies, a newspaper survey showed on Monday.Oakland, CA (Sports Network) - Golden State Warriors swingman Stephen Jackson underwent successful season-ending surgery Wednesday to remove multiple bone spurs from his left foot. The surgery was performed by Dr. Thomas Clanton in Houston, Texas. The bone spurs were located directly over nerve tissue under the big toe. Jackson will begin rehabilitation in six weeks. In 59 games this season, Jackson averaged career-highs of 20.7 ppoints, 6. Antrel Rolle Jersey. 5 assists and 5.1 rebounds, leading the Warriors in both points and assists this year. He also led the squad in steals at 1.49 per game. In February, Jackson averaged 27.3 points, 8.1 assists and 5.7 rebounds per contest, becoming the first Warriors player to average at least 25 points, eight assists and five rebounds for an entire month since Guy Rodgers accomplished the feat in November of 1965. ' ' '
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