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Intergovernmental fiscal relations in China (Inglês)

The choice of the "right" fiscal relationship between central, provincial, and local governments depends on how a government weighs the benefits of decentralized economic development policies against the costs of having less effective central fiscal management. Three strong forces justify more fiscal centralization in China's highly decentralized fiscal system. First, Bouts of inflation and recurrent fiscal deficits can be seen as calling for more central control over the budget. Second, Reform of an economic system relies heavily on the use of tax policy as an allocative instrument to influence economic decisions. Local control of the implementation of the tax system can and probably has compromised some objectives of the central government's tax policy. Gaining tighter control over the revenue system will probably require reducing if not eliminating local government discretion in providing special tax concessions. Third, if the center wants to move ahead with price reform and to encourage enterprise reform, it needs a more centrally controlled revenue sharing or assignment system that reduces the dislocating effects of such reforms. Bahl and Wallich conclude that a reformed system of intergovernmental finance must meet the center's needs for stabilization and the provinces' needs for revenue and equalized spending capacity, supplemented by an improved system of financing local capital expenditures through borrowing, a system of benefit charges and improved planning.

Detalhes

  • Autor

    Bahl, Roy W. Wallich, Christine

  • Data do documento

    1992/02/29

  • TIpo de documento

    Documento de trabalho sobre pesquisa de políticas

  • No. do relatório

    WPS863

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    China,

  • Região

    Leste Asiático e Pacífico,

  • Data de divulgação

    2010/07/01

  • Nome do documento

    Intergovernmental fiscal relations in China

  • Palavras-chave

    share of tax collection;implementation of tax policy;public expenditure on education;central government tax;revenue sharing system;share in revenue;public utility enterprise;intergovernmental fiscal relation;local government revenue;central government revenue;central government expenditure;effective tax rate;tax system;local revenue source;pattern of change;degree centralization;composition of expenditure;preferential tax treatment;distribution of grant;scientific research institute;local government expenditure;sales tax liability;source of revenue;degree of autonomy;tax on business;local capital expenditure;amount of tax;errors and omission;local government sector;types of contract;taxes on production;shared tax revenue;central government fiscal;centrally controlled revenue;economic development policy;category of revenue;flat rate tax;cost of production;long term credit;town village;culture and education;natural resource tax;enterprise income tax;indirect tax rate;individual income tax;tax system base;degree of decentralization;price reform;fiscal system;profit remittance;product tax;tax share;Tax Reform;Tax Administration;tax base;business tax;Subnational Finance;aggregate demand;profit tax;fixed revenue;contract arrangement;local control;special tax;tax relief;fiscal centralization;central fiscal;extrabudgetary fund;fiscal decentralization;government budget;capital grant;local taxes;revenue allocation;construction tax;Public Utilities;intergovernmental relation;discretionary element;central revenue;fiscal decision;Fiscal Reform;profit taxation;benefit charge;central control;fiscal relationship;public financing;direct expenditure;fiscal resource;formula grant;budgetary choice;financial plan;local area;negative revenue;capital financing;financial planning;trade tax;national tax;retained earnings;collect tax;contract design;short-term borrowing;gross receipt;contract management;central policy;short period;delinquent tax;tobacco tax;fixed tax;special treatment;autonomous region;government pay;capital purpose;price policy;bus fare;government budgetary;negative tax;direct beneficiaries;vehicle utilization;capital construction;credit financing;beneficiary financing;cattle trade;municipal government;commercial tax;transportation fund;intergovernmental transfer;offshore oil;fiscal disparity;intergovernmental system;tax structure;recurrent deficit;government discretion;budgetary decision-making;fiscal development;fuel oil;tax incentive;foreign company;treasury bond;distributable pool;rural market;grain trading;tax effort;Capital Investments;expenditure autonomy;local budget;fiscal target;spatial distribution;vertical accountability;current expenditure;urban construction;nontax revenue;expenditure rule;agricultural support;extension activity;economic reform;decentralizing expenditure;local enterprise;subnational tax;General Administration;important component;population characteristic;vertical relationships;provincial city;governmental structure;revenue decentralization;national university;provincial jurisdiction;expenditure responsibility;pricing system;excess profit;regional decentralization;fiscal regime;enterprise profit;provincial autonomy;unintended consequence;Economic Management;central system;intergovernmental finance;grant system;enterprise objectives;Local Govemment;assignment system;fiscal administration;state enterprises;Financial Sector;foreign trade;payment system;administered price;market economy;National Treasury;tax receipt;central planning;expenditure share;macroeconomic perspective;revenue adequacy;local surcharge;borrowing power;budget balance;cyclical effect;regression results;independent variable;promoting growth;Fiscal policies;fiscal policy;allocative function;government units;government spending;budgetary expenditure;Socialist economies;raise revenues;departmental revenues;cyclical bias;subsequent years;Macroeconomic Management;contract system;provincial budget;central tax;government use;fiscal position

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