Research on China's Fiscal Risks

Author: Hou Ronghua
Publisher:
Publish Date: 2005-04-01
Features: Since China is still in the period of economic system transition, the fiscal system itself contains many uncertainties. Based on existing relevant research, this book proposes defining the essence of fiscal risk from the perspective of economic efficiency, examining the causes of fiscal risk in depth and from multiple angles. It studies the core risks, distributive risks, and frictional risks of fiscal at three levels: resource allocation, social product distribution, and the specific management of fiscal funds. This book is a research project of the Ministry of Education's "Tenth Five-Year Plan," and the author puts forward some new ideas in the book, which have a certain guiding role in the correct formulation of fiscal policy and other macroeconomic policies. The book studies eight topics, including the general theory of fiscal risk, fiscal deficit and fiscal risk, the financial system and fiscal risk, social security and fiscal risk, foreign debt and fiscal risk, state-owned enterprise reform and fiscal risk, local fiscal risk and foreign fiscal risk.