New development: China's budget law and local debt

被引：7
|
作者：
Xu, Yunxiao [1 ,2 ]
Yang, Quanshe [3 ]
机构：
[1] Peking Univ, Sch Econ, Publ Finance, Beijing, Peoples R China
[2] Shandong Acad Social Sci, Jinan, Peoples R China
[3] Capital Univ Econ & Business, Sch Publ Finance & Taxat, Publ Finance, Beijing, Peoples R China
来源：
PUBLIC MONEY & MANAGEMENT | 2015年 / 35卷 / 06期
关键词：
Budget law; Chinese fiscal reforms; local debt; public-private partnerships (PPPs);
D O I：
10.1080/09540962.2015.1083691
中图分类号：
C93 [管理学]; D035 [国家行政管理]; D523 [行政管理]; D63 [国家行政管理];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ; 1204 ; 120401 ;
摘要：
China's 20-year-old budget law has been revised to give greater power to the legislature and re-orient annual budgeting to a multi-year fiscal framework. In addition, provincial governments are now able to issue bonds. If the goals of these reform measures are realized, the institutional foundations for China's fiscal policy and management will be substantially strengthened. However, the authors are concerned that the authorities may have underestimated the technical challenges involved.
引用
收藏
页码：447 / 450
页数：4
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