Intergovernmental Fiscal Relations The Chinese System in Perspective

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 descr...

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Bibliographic Details
Main Author: Arora, Vivek
Other Authors: Norregaard, John
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1997
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Expenditures, Public 
653 |a Expenditure assignments 
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653 |a Fiscal Policy 
653 |a State and Local Budget and Expenditures 
653 |a State and Local Taxation, Subsidies, and Revenue 
653 |a Federalism 
653 |a Fiscal federalism 
653 |a Public Finance 
653 |a National Government Expenditures and Related Policies: General 
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653 |a Revenue assignments 
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520 |a 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