Reverse Pressure on Budgets and Proposed Solutions

Lã¼ Wangshi

Chinese Economy, 1996, vol. 29, issue 4, 48-52

Abstract: The so-called phenomenon of reverse pressure on budgets refers to some unhealthy socioeconomic factors that weaken the administrative and legal authority in budget implementation, erode revenue sources, and solidify the scope and direction of budgetary expenditure. All this forms multidirectional forces and mechanisms that are more powerful than the so-called soft budget constraints and have contributed to the present financial predicament in China.

Date: 1996
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