Money Matters: Local Government Finance in the People’s Republic of China

Asian Development Bank (adb), Asian Development Bank (adb) (), Asian Development Bank (adb) and Asian Development Bank (adb)
Additional contact information
Asian Development Bank (adb): East Asia Department, ADB
Asian Development Bank (adb): East Asia Department, ADB

No RPT147029-2, ADB Reports from Asian Development Bank (ADB)

Abstract: The Third Plenum of the th Central Committee of the Communist Party of China in November reinforced the importance of public finance reform. Drawing on recent technical assistance from the Asian Development Bank (ADB), special reports, and the work of ADB staff?, the publication o?ffers observation and suggestion on how to pursue public finance reform. The publication also outlines practical actions that can be taken to improve budgeting, taxation, and the system of fiscal decentralization in the People’s Republic of China. Special attention is given to the management of local government debt, the most pressing fiscal issue facing the People’s Republic of China. The potential contribution of of public–private partnerships is also introduced.

Keywords: Public Finance; Local Government Debt; Public Expenditures; Taxation; Fiscal Debt; Local Government Investment Vehicle; Bond Issuance; Public-Private Partnership; Land Based Financing; Third Plenum Initiatives; Central Committee of the Communist Party; Budgeting; Fiscal Decentralization; Budget Reform; Public Finance Reform; Implicit Guarantees; Fiscal Transfer; National Audit Office; Treasury Single Account; Asset- Backed Security; Property Taxation; Value-Added Tax; State Administration Tax; Budget Law; Credit Rating System (search for similar items in EconPapers)
Pages: 148 pages
Date: 2014-12
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.adb.org/sites/default/files/publication ... ment-finance-prc.pdf (application/pdf)
http://www.adb.org/sites/default/files/publication ... ment-finance-prc.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:asd:wpaper:rpt147029-2

Access Statistics for this paper

More papers in ADB Reports from Asian Development Bank (ADB) Contact information at EDIRC.
Bibliographic data for series maintained by Jun de Jesus ().