Increasing Government Social Expenditure and Intergovernmental Fiscal Relations in China
Jiwei Qian
East Asian Policy (EAP), 2017, vol. 09, issue 04, 101-111
Abstract:
In 2016, the Chinese government spent about 37% of total government expenditure on social policy areas. With demographic changes and new government initiatives, this spending is likely to increase further. Local fiscal capacity is insufficient to fulfil this responsibility. To remedy, two recent policy initiatives have been introduced including reallocating expenditure responsibility between central and local governments and encouraging the entry of the private sector to share some outlays of the social programmes.
Date: 2017
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DOI: 10.1142/S1793930517000393
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