Critical Issues for Fiscal Reform in the People’s Republic of China Part 2: Intergovernmental Fiscal Relations and Debt Management
SHARE THIS PAGE
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.
- Intergovernmental Fiscal Relations
- Debt Management
- Policy Options
- Conclusion: A Rebalancing Act
Also in this Series
- 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
- Elderly Care System Development in Yichang, People’s Republic of China