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China - Budgetary policy and intergovernmental fiscal relations : Main report (English)

Economic reform since 1978 significantly changed the role and profile of the Chinese government budget. This two volume report focusses on two crucial features of the fiscal infrastructure: the structural and institutional aspects of the budget system; and China's intergovernmental finances, especially expenditure assignments by levels of government. Volume I of the report emphasizes the structural and institutional features of the budgetary system and suggests options for reform and for allocating expenditure responsibilities by levels of government. The changing nature of the Chinese government budget systems is described and the extent of modernization needed in budget institutions and processes to support economic reform as a framework for changing the budget system is evaluated. The report discusses the assignment of expenditure responsibilities over governmental levels. Special attention is given to the redistributive properties of China's system of intergovernmental transfers. Recommendations address methods of correcting the dysfunctional outcomes that emerged over the last decade of modernization. Volume II consists of the annexes which provide details on an number of institutional features and issues of China's fiscal system that fall outside of the scope of the main report, but may provide additional background information.




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China - Budgetary policy and intergovernmental fiscal relations : Main report (English). Washington, D.C. : World Bank Group.