Drawing Back Extrabudgetary Funds A Reform from the Grass Roots

Li Xiaolan

Chinese Economy, 1996, vol. 29, issue 4, 53-56

Abstract: Along with the advancing economic reform, the national economy and all undertakings have witnessed rapid development. But on the financial front, the function of macrofiscal control seems to have been continuously weakened, as reflected in the low percentage of revenue in proportion to the national income. The most important reason for the weak macrofiscal control is that huge sums of capital remain outside budget management. This problem is urgently awaiting solution at present.

Date: 1996
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