China, People's Republic of: Public Finance Development Strategy 2020

Sovereign Project | 47120-001 Status: Closed

Summary

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Project Name Public Finance Development Strategy 2020
Project Number 47120-001
Country China, People's Republic of
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8379-PRC: Public Finance Development Strategy 2020
Technical Assistance Special Fund US$ 400,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Public sector management - Decentralization - Public administration - Public expenditure and fiscal management

Gender Equity and Mainstreaming
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Project Outcome

Description of Outcome
Progress Toward Outcome

Work in progress toward project outcome.

Consultations with the PRC Ministry of Finance were held during the inception and midterm on the directions of the studies and their impact on PRC's fiscal and taxation policy framework; as well as during the final workshop on policy recommendations for fiscal and tax reforms.

The outputs of the studies provided policy recommendations for the PRC's 13th Five Year Plan preparation. The recommendations formed part of ADB's dialogue with the PRC Government in October 2014, to help the nation transition to a high-income country. These recommendations were discussed ahead of the formulation of the PRC's 13th Five-Year Plan, 2016 2020.

Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)

1. Consultants were fielded in August 2013. Draft inception report was submitted on 13 September 2013. Midterm reports were submitted on 10 March 2014. Final report was submitted in September 2014.

2. An inception workshop was conducted on 22 September 2013 in Beijing with the participation of 8 high level officials from the Ministry of Finance and 5 ADB staff. The Directors General of the Policy and Fiscal Affairs Department and International Department, Ministry of Finance opened the workshop together with the Director General, East Asia Department, ADB. Five eminent Chinese experts on fiscal policy led the fruitful discusions with the six consultants from the Research Institute of Fiscal Science and the participants. The discussions focused on the obejctive, framework, scope, and timing of the study on public finance development strategy for PRC.

4. The midterm workshop was held on 19 March 2014 in Beijing, with the participation of five high ranking officials from the Ministry of Finance, led by the Deputy Director General of Policy and Fiscal Affairs Dept.; Deputy Director General of International Dept.; Director of International Dept.; Deputy Director of Policy and Fiscal Affairs Dept.; and the Officer from the TA Division, International Dept. Seven ADB staff contributed to the discussions. Five fiscal and taxation Chinese experts and five consultants provided their experts' opinion and thinking on the issues at hand while thirteen team members from the Research Institute for Fiscal Science joined the discusssion. The discussion focused on the function and optimization of public finance in the PRC; taxation and tax administration reform; and optimization of fiscal revenues.

5. A study visit of 6 PRC Ministry of Finance officials to the Republic of Korea and Hong Kong, China was conducted from 24-31 August 2014 to examine the fiscal policy reform experience of these two economies and provide best practice suggestions to the PRC. The visit was valuable to the PRC Ministry of Finance as it provided insights into the basic conditions and characteristics of the fiscal and taxation management systems of these two countries and their implications for PRC.

6. The TA final review workshop was held on 23 September 2014 in Beijing, with the participation of 6 high-level officials from the Ministry of Finance, 1 international expert, 6 PRC experts, 17 researchers and policy experts and 3 ADB officials. The workshop focused on key fiscal policy recommendations for the PRC's 13th Five-Year Plan.

Geographical Location

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation

Business Opportunities

Consulting Services A total of 25 person-months of individual consulting services (one international consultant for 2 person-months and 6 national consultants for a total of 23 person-months) will be required. The international and national consultants would be selected and engaged on an individual basis by ADB in accordance with ADB's Guidelines on the Use of Consultants (2010, as amended from time to time).

Responsible Staff

Responsible ADB Officer Yolanda Fernandez Lommen
Responsible ADB Department East Asia Department
Responsible ADB Division Office of the Director General, EARD
Executing Agencies
Ministry of Finance
Sanlihe, Xicheng District
Beijing,100820
People's Republic of China

Timetable

Concept Clearance 06 Apr 2013
Fact Finding 13 May 2013 to 15 May 2013
MRM -
Approval -
Last Review Mission -
Last PDS Update 13 Mar 2015

TA 8379-PRC

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
10 Jun 2013 09 Jul 2013 09 Jul 2013 30 Jun 2015 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
400,000.00 0.00 100,000.00 0.00 0.00 0.00 500,000.00 10 Jun 2013 276,281.25

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.


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