Local Public Finance

Author: Zhong Xiaomin, Editor-in-Chief
Publisher:
Publish Date: 2006-01-01
Features: The development of local finance has benefited from China's reform and opening-up and the development of a socialist market economy. Local governments, as representatives of the interests of their respective regions, have increasingly acquired relatively independent interests. With the breakdown of the centralized fiscal management model, the status of local finance has been rising. Therefore, this book discusses and introduces the following aspects: how the functions of 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 impacts different types of funding 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 more. 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 economics.