Local Public Finance Management in the People’s Republic of China: Challenges and Opportunities (English)
Asian Development Bank | July 2014
Abstract
The People’s Republic of China is a highly decentralized unitary state with local governments having a dominant share of public service delivery responsibility. Local governance is critically linked to a local public finance system that creates incentives and accountability mechanisms. To ensure the policy response, this project focused on the three interrelated areas in local public finance management, i.e., local budgeting, local debt management and local taxation, and produced policy options in the short, medium and long terms. The overall purpose of the reforms is to improve local accountability and transparency, strengthen local fiscal capacity, and institutionalize formal frameworks for local public debt management.
Citation
Asian Development Bank. 2014. Local Public Finance Management in the People’s Republic of China: Challenges and Opportunities (English). © Asian Development Bank. http://hdl.handle.net/11540/757. License: CC BY 3.0 IGO.PDF ISBN
978-92-9254-567-3
Print ISBN
978-92-9254-566-6
Keywords
Urban Development Finance
Trade Finance
Small Business Finance
Rural Finance
Roundtable on International Trade and Finance
Regional Development Finance
Public Service Finance
Public Finance
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