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- Title
Budget Reform in China.
- Authors
Christine Wong
- Abstract
China has made crucial progress in the field of public expenditure management in the past ten years. This article reviews the reforms in bud get formulation, approval, implementation and audit. Some weaknesses remain: for example, important decisions are still made outside of the budget process; and the highly decentralised fiscal system means that achievements at the national level have not been implemented at provincial and lower levels. Strengthening accountability mechanisms and enforcing aggregate fiscal discipline constitute the challenges for reforms in the next phase.
- Subjects
CHINA; BUDGET; BUDGET process; PUBLIC spending; PUBLIC finance; ECONOMIC reform; FINANCE; FISCAL policy; ECONOMIC policy
- Publication
OECD Journal on Budgeting, 2007, Vol 7, Issue 1, p33
- ISSN
1608-7143
- Publication type
Article
- DOI
10.1787/budget-v7-art2-en