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

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

Language

English

Format

application/pdf, text/plain

License

CC BY 3.0 IGO, http://creativecommons.org/licenses/by/3.0/igo/, World Bank

ISSN

8213-6927

In AGRIS since: 2024-10-18

Modification date: 2025-05-23

Format: Dublin Core

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This bibliographic record has been provided by World Bank

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Links

DOI http://documents.worldbank.org/curated/en/2008/01/9020706/public-finance-china-reform-growth-harmonious-society https://hdl.handle.net/10986/6360

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

2008

AGROVOC Keywords

Bibliographic information