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Institute for Workplace Studies-----------------Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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Asian Development Bank (ADB)

 

MONEY MATTERS: LOCAL GOVERNMENT FINANCE IN THE PEOPLE'S REPUBLIC OF CHINA [19 December 2014]

http://www.adb.org/publications/money-matters-local-government-finance-peoples-republic-china

or

http://www.adb.org/sites/default/files/publication/151515/money-matters-local-government-finance-prc.pdf

[full-text, 150 pages]

 

Drawing on recent technical assistance from ADB, special reports, and the work of ADB staff, this publication offers observations and suggestions on how to pursue public finance reform.

 

The publication also outlines practical actions that can be taken to improve budgeting, taxation, and the system of fiscal decentralization in the People’s Republic of China (PRC). Special attention is given to the management of local government debt, the most pressing fiscal issue facing the PRC. The potential contribution of public–private partnerships is also introduced.

 

Contents

 

Summary

Introduction

Standardizing Local Government Financing

Improving the Budget System

Advancing Tax Reform

Matching Revenue Powers with Spending Responsibilities

Concluding Observations and Suggestions

Appendixes

References

 

 

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