Money Matters Local Government Finance in the People's Republic of China

Published By: Asian Development Bank Institute | Published Date: January, 01 , 2014

Public finance systems in the People’s Republic of China (PRC) have evolved substantially over the last three decades. The evolution is continuing, with wide-ranging reforms in budget and debt management, the tax system, and intergovernmental fiscal relations called for at the Third Plenum of the 18th Central Committee of the Communist Party of China in November 2013. The reforms provide a holistic response to rising local government debt and will reinforce the capacity of the PRC to deliver efficient and equitable public services.

Author(s): Asian Development Bank Institute | Posted on: Mar 18, 2016 | Views() | Download (168)

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