Reforming China's Public Finances

The reform of fiscal relations between different levels of geovernment is crucial to the success of China's current structural transformation to a socialist market economy. The reform will profoundly affect macroeconomic stability, growth prospects, and the effectiveness of providing public services and interregional equity. In order to review international experience and to clearly identify the policy options for China in the short to medium term, a conference was held in Shanghai in October 1993. The papers in this volume, edited by Ehtisham Ahmad, Gao Qiang, and Vito Tanzi, include those presented at the conference and a few that supplement it.

Available in PDF, ePUB, and Mobi formats on the Internet.

Foreword -- Acknowledgment -- 1 Overview -- Intragovernmental Fiscal Issues in China -- 2 Problems in Chinese Intragovernmental Fiscal Relations, Tax-Sharing System, and Future Reform -- 3 China's Financial Policies for Minority Nationalities and Poor Areas -- The Budget, Macroenomic Control, and Legal Framework -- 4 Budget Policy in China -- 5 Budget Laws, Control, Review, and Management in China -- Expenditure Assignments -- 6 A Comparative Perspective on Expenditure Assignments -- 7 Infrastructure Provision in a Socialist Market Economy.

8 Social Expenditure Assignments in China: Issues and Responses -- Revenue Assignments-Tax Policy and Administration -- 9 Reform and the Market Economy and Tax in China -- 10 Unifying the Enterprise Income Tax and Reforming Profit Distribution Between Government and State-Owned Enterprises -- 11 Basic Issues of Decentralization and Tax Assignment -- 12 Local Taxation in an International Perspective -- 13 Issues in Natural Resource Taxation -- Grants and Transfers -- 14 Theory and Practice of Intergovenmental Transfers -- 15 Implementing and Managing Grants-Institutional and Data Requirements.