Intergovernmental Fiscal Reform in China is popular PDF and ePub book, written by Mr.Philippe Wingender in 2018-04-13, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Intergovernmental Fiscal Reform in China can be Read Online from any device for your convenience.
Intergovernmental Fiscal Reform in China Book PDF Summary
China is the most decentralized country in the world in terms of expenditures shares, with subnational governments responsible for 85 percent of government spending. Limited revenue autonomy and insufficient intergovernmental transfers have led to large unfunded mandates and a build-up of debt outside the budget. The government has recently announced an ambitious intergovernmental fiscal reform, which will increase the role of the central government. Comprehensive reform is needed to improve public service delivery, increase overall social spending levels and reduce regional disparities. Revenue reforms are also necessary to improve efficiency and reduce vulnerabilities from excessive subnational borrowing. These reforms are challenging, but are crucial so that the government can support China’s continued development and prosperity.
Detail Book of Intergovernmental Fiscal Reform in China PDF
- Author : Mr.Philippe Wingender
- Release : 13 April 2018
- Publisher : International Monetary Fund
- ISBN : 9781484351703
- Genre : Business & Economics
- Total Page : 32 pages
- Language : English
- PDF File Size : 8,8 Mb
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