| ID | 123958 |
| Title Proper | Strategy for fiscal survival? analysis of local extra-budgetary finance in China |
| Language | ENG |
| Author | Zhan, Jing Vivian |
| Publication | 2013. |
| Summary / Abstract (Note) | Since the early 1980s, Chinese local governments have collected a significant amount of revenue outside the budgetary system. Fiscal shortage is commonly cited as the main reason for local extra-budgetary finance. However, a panel data analysis on provincial extra-budgetary practices reveals a different story. The findings suggest that extra-budgetary finance exists in China not as a strategy for local fiscal survival, but rather because local bureaucracies can conveniently exploit their administrative power to extract revenue from the local economy, and that extra-budgetary exactions fall disproportionately on peasants. Despite the constant calls by the central government to reform and regulate the extra-budgetary system, the centrally issued administrative directives have little impact on local practices. |
| `In' analytical Note | Journal of Contemporary China Vol. 22, No.80; Mar 2013: p.185-203 |
| Journal Source | Journal of Contemporary China Vol. 22, No.80; Mar 2013: p.185-203 |
| Key Words | Chinese Local Governments ; Budgetary System ; Fiscal Shortage ; China ; Local Fiscal Survival ; Reform ; Local Extra - Budgetary Finance |