Critical Issues for Fiscal Reform in the People’s Republic of China Part 2: Intergovernmental Fiscal Relations and Debt Management
Publication | June 2023
SHARE THIS PAGE
The People’s Republic of China (PRC) has achieved remarkable progress in poverty reduction and economic growth—despite having had fiscal institutions that, initially, were not well aligned with its socioeconomic goals.
Citable URL
Since 1980, however, a fiscal framework has gradually been developed that meets the economy’s basic requirements. Interestingly, while subnational government in the PRC now provides large public investments in physical and social infrastructure, revenues have remained largely centralized. Within this setting, this paper focuses on intergovernmental fiscal relations and on local government debt management.
Part 1 of this two-part paper is about revenue and expenditure management.
Contents
- Introduction
- Intergovernmental Fiscal Relations
- Debt Management
- Policy Options
- Conclusion: A Rebalancing Act
Additional Details
| Authors | |
| Type | |
| Series | |
| Subjects |
|
| Countries |
|
| Pages |
|
| Dimensions |
|
| SKU |
|
Also in this Series
- Assessment of Natural Capital and Ecosystem Services: Two Cases of Ecosystem Restoration in the People’s Republic of China
- Human Settlements in Mongolia: Strengthening Strategic Cities and Towns for Sustainable Territorial Development
- Impact of Nontariff Measures and Border Crossing Time and Costs: The Case of Perishable Goods Trade in the Central Asia Regional Economic Cooperation Region