Intergovernmental Fiscal Relations: The Chinese System in Perspective

Author/Editor:

Vivek B. Arora ; John Norregaard

Publication Date:

October 1, 1997

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 1997/129

Subject:

Expenditure Expenditure assignments Fiscal federalism Fiscal policy Revenue assignments

English

Publication Date:

October 1, 1997

ISBN/ISSN:

9781451934816/1018-5941

Stock No:

WPIEA1291997

Pages:

27

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