Great Recession: major economy government expenditure as a share of GDP 2007-2011
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During the financial crisis of 2007-2008 and the subsequent recession, many of the world's largest countries increased their government expenditure in order to backstop financial markets, provide a stimulus to the non-financial economy, or to bail-out companies and institutions which were in danger of bankruptcy. China and the United States led the way in stimulus spending, as the Chinese announced a package worth 600 billion U.S. dollars in 2008, while the Troubled Asset Relief Program (TARP) and the American Recovery and Reinvestment Act (ARRA) in the U.S. had a combined announced value of around 1.5 trillion U.S. dollars. The increase in China's government expenditure was particularly notable, as it represented an increase of almost one-third from 2007 to 2009.
在2007-2008年金融危机及其随后的经济衰退期间,世界上许多最大的国家纷纷增加了政府支出,以支持金融市场,刺激非金融经济,或救助面临破产风险的企事业机构。中国和美国在这一刺激支出方面走在了前列,中国于2008年宣布了一项价值6000亿美元的一揽子计划,而美国的困境资产救助计划(TARP)和美国复苏与再投资法案(ARRA)的总宣布价值约为1.5万亿美元。中国政府支出的增加尤为显著,因为它从2007年到2009年增长了近三分之一。
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