THE CHINESE MODEL OF LOCAL PUBLIC FINANCES

Attila Gyorgy and Adina Cristina Gyorgy
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Adina Cristina Gyorgy: Bucharest Academy of Economic Studies

Theoretical and Applied Economics, 2009, vol. 12(541)(supplement), issue 12(541)(supplement), 743-747

Abstract: The Chinese public finances are of interest to any public economy because, through their complexity, they can offer us a set of good practices. The five levels of organization of the administration (out of which four are the correspondents for the local levels) impose an integrated financial mechanism that takes into account the types of income that can be cashed for every budget separately and the spending categories that can be paid from the those budgets. The existing system is being perfected, with the dysfunctions being identified, especially those related to the lack of correlation of the incomes with the spending and the deficits' covering.

Keywords: local public finances; budgetary incomes; budgetary spending; local public deficit; China. (search for similar items in EconPapers)
Date: 2009
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