Local Budget Fulfillment in 1994

Cai Qiang

Chinese Economy, 1996, vol. 29, issue 4, 29-33

Abstract: The first year that the new fiscal system was implemented throughout China was 1994. The financial departments at all levels of government conscientiously carried out the central policy "grasping opportunities, intensifying reform, expanding openness, accelerating development, and maintaining stability," and worked hard to ensure the smooth operation of the new fiscal system and steady revenue growth, and fulfilled all fiscal assignments [see Table 1].

Date: 1996
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