Local Public Finance - (Second Edition)

Author: Zhong Xiaomin
Publisher:
Publish Date: 2006-01-01
Features: The development of local finance benefits from China's reform and opening-up and the development of a socialist market economy. Local governments, as representatives of the interests of their regions, are increasingly gaining relatively independent interests. As the centralized fiscal management model is broken, the status of local finance is rising day by day. Therefore, this book discusses and introduces the following aspects: how the functions of the government should be divided among different levels of finance; how revenue and expenditure should be allocated between the central and local governments; what the objectives of fiscal transfers from higher-level governments to lower-level governments are; what kind of impact different types of grants will have; how local governments can provide limited local public products and services; what the appropriate size of a community should be; income and expenditure issues at all levels of finance, and so on. This book strives to incorporate the latest achievements and research findings in fiscal reforms, making it suitable for students and learners in the fields of finance and banking.