Abstract
This paper examines revenue and expenditure management in the People’s Republic of China (PRC) and recommends ways to cut risk and strengthen the resilience of the fiscal system. The paper outlines the PRC’s fiscal reforms and the impact of COVID-19. It notes the financing gap facing subnational governments that play a key role in providing public investment in infrastructure. The authors discuss the PRC’s need to adjust its focus on economic growth to tackle its fiscal imbalance, improve the sustainability of local government finances, and address inequality and environmental degradation. This paper is the first of two on key aspects of fiscal reform in the PRC.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
