Public Finance in China : Reform and Growth for a Harmonious Society

Lou, Jiwei; Wang, Shuilin

Public Finance in China : Reform and Growth for a Harmonious Society

2008

Lou, Jiwei | Wang, Shuilin

This publication focuses on public finance, development economics, and the Chinese economy. The government will focus on the public good aspects of education and training-compulsory education and some aspects of higher education and training. The publication encourages seven reforms including raising government expenditure on education to four percent of gross domestic product (GDP), and ensuring that all children actually receive nine years of basic education. Improving and widening access to medical care, especially for the rural population. The target is to extend the cooperative medical scheme to 80 percent of the rural population from the current coverage rate of just over 20 percent. China has sufficient fiscal resources to afford the level and type of spending commensurate with a harmonious society. This reallocation of resources can be done only gradually. It must go hand in hand with a better specification of roles and functions of the various levels of China and stronger mechanisms for accountability, to ensure that poorer local governments use the resources given to them.

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AGROVOC Keywords

accountability affordability agricultural sector auditing basic education central government civil service civil society organizations debt decentralization developing countries economic growth families farmer farmers financial market government intervention health services households income tax indebtedness instrument land administration land reform land use legal rights levies levy living standards local government migration natural resources pensions poverty alleviation poverty reduction private sector productivity public expenditure public finance public goods public sector public services returns roads rural finance rural urban migration savings social development social security social welfare taxation transport urban areas urbanization valuation village villages

Bibliographic information

Publisher

Washington, DC : World Bank

Other Subjects

Urban inequalities; Tax sharing; Financial systems; Fiscal system; Personal income taxes; Budgetary revenues; Facility maintenance; Municipalities; Compulsory investments; State bonds; Financial assistance; Public spending; Provincial governments; Ministry of finance; Tax revenues; Budgeting; Access to services; Tax assignments; Public services in rural areas; Loss of revenue; Fiscal capacity; Evaluation criteria; Inequalities in opportunities; Public employment; User charges; Holding; Fiscal reform; Government subsidy; Financial sector; Sub-national finance; Public sector reform; Equalization; Capital investments; Double taxation; Special assessments; Exporters; Prefectures; Finances; Delivery of services; Institutional barriers; Education level; Property tax; Economic activity; Tax obligations; Police stations; Borrowing; Financial responsibility; Subnational finance; Health ministry; Term credit; Administrative capacities; Appropriations; Npl; Fiscal reforms; Local finance; Central transfers; Beneficiaries; Return; Agricultural development bank; Income level; Registration system; International development; Public investments; Tax rate; Local government revenues; Revenue sources; Income taxes; Local public finance; Contingent liabilities; Private goods; Agricultural tax; Personal income; Local debt; Transparency; Budgetary expenditures; Fiscal management; Environmental sustainability; Expenditure assignments; Intergovernmental transfers; Financial management; Programs; Human development; Cash payments; Credit cooperative; Public service; Public funds; Revenue sharing; Intergovernmental finance; Tax rates; Income inequality; Living standard; Local government borrowing; Information system; Public; Government expenditures; Government financing; Autonomy; Revenue assignments; Local governments; Student assistance; Operating expenses; Budget reform; Expenditure responsibilities; Urban inequality; Accessibility; Human services; Fiscal policy; Economic reforms; Economic success; Asset sales; Fiscal transfers; School facility; Agricultural bank; Financial markets; Grant design; Long-term investments; Fiscal capacities; Public service delivery; Rural financial institutions; Tax laws; Institutional reforms; Administrative reforms; Education program; Disposable income; Rural financial markets; Land market; Financial difficulties; Bonds; Welfare support; Administrative burden; Non-performing loans; Public expenditures; Local revenue; Market reforms; Unfunded mandates; Local taxes; Land administration system; Personal income tax; Public expenditure management; Fiscal deficits; Subnational governments; Finance ministry; Financial responsibilities; Ethnic minorities; Organizational structure; Central government spending; Division of responsibilities; Infrastructure investments; Tax; Administrative capacity; Fiscal resources; Budget constraints; Agricultural taxes; Biases; Block grants; Fiscal burden

License

http://hdl.handle.net/10986/6360http://creativecommons.org/licenses/by/3.0/igo/World BankCreative Commons Attribution CC BY 3.0

ISSN

8213-6927

In AGRIS since: 2014-09-15

Format: AGRIS AP

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http://hdl.handle.net/10986/6360

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Public Finance in China : Reform and Growth for a Harmonious Society

2008

AGROVOC Keywords

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