|作 者：||Roy W. Bahl|
Is China one of the world’s most decentralized countries, or one of the most
centralized? In fact, it is both. On the one hand, 70 percent of all government
expenditures pass through the subnational government budgets. On the other
hand, subnational governments have no independent (formal) taxing powers.
The question that might be raised is whether the longer term intention is to
develop a system of local public finance that would give subprovincial
governments more fiscal discretion, or whether some other structure is
invisaged. Either way, what is the reform package that would move China
toward its goal.
|关 键 词：||Local Public Finance|