Intergovernmental Fiscal Relations: The Chinese System in Perspective
October 1, 1997
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Summary
This paper provides an overview of recent Chinese reforms to introduce a modern system of fiscal federalism that balances the need for central macroeconomic control with the economic advantages of decentralized government. Following a discussion of the rationale for decentralization, the paper describes the main structural and economic developments in China in this area, including their impact on economic stabilization. The key measures in the 1994 fiscal reforms as well as reform initiatives needed in the future are also discussed.
Subject: Expenditure, Expenditure assignments, Fiscal federalism, Fiscal policy, Revenue assignments
Keywords: authorities definition, benefit principle, central government, central government tax yield, China, Expenditure assignments, expenditure responsibility, Fiscal federalism, Global, government, local government, multi-level government, public goods, revenue, Revenue assignments, stabilization, tax, tax concession, tax effort, tax regulation, tax service, tax source, tax yield, WP
Pages:
27
Volume:
1997
DOI:
Issue:
129
Series:
Working Paper No. 1997/129
Stock No:
WPIEA1291997
ISBN:
9781451934816
ISSN:
1018-5941
