The Fiscal Framework and Urban Infrastructure Finance in China

China has experienced more than 25 years of extraordinary economic growth. Underlying this growth has been a decentralized fiscal system, in which provinces and large cities are given the freedom to make infrastructure investments to stimulate local development, and are allowed to retain a large par...

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Bibliographic Details
Main Authors:	Su, Ming, Zhao, Quanhou
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ASSET SALES ASSETS AUTONOMY BAD DEBT BALANCED BUDGETS BANKING SECTOR BANKS BONDS BORROWING BUDGET CONSTRAINT BUDGET EXECUTION BUDGETARY FUNDS BUDGETARY REVENUES BUSINESS TAX BUSINESS TAXES CAPACITY CONSTRAINTS CAPITAL GAINS CENTRAL AUTHORITIES CENTRAL GOVERNMENT CENTRAL GOVERNMENTS CENTRAL TRANSFERS CITIES COMPANY INCOME TAX CONSUMPTION TAXES DEBT DEBT FINANCING DEFICITS DEREGULATION ECONOMIC REFORM EXPENDITURE ASSIGNMENTS EXPENDITURE FUNCTIONS EXPENDITURE RESPONSIBILITIES FISCAL AUTONOMY FISCAL CAPACITY FISCAL CONTRACTING FISCAL DECENTRALIZATION FISCAL DISPARITIES FISCAL FLOWS FISCAL FRAMEWORK FISCAL GAP FISCAL MANAGEMENT FISCAL POLICY FISCAL PROBLEMS FISCAL REFORM FISCAL RESOURCES FISCAL RISK FISCAL SITUATION FISCAL STIMULUS FISCAL SYSTEM FISCAL SYSTEMS FIXED ASSET FOREIGN BANKS GARBAGE COLLECTION GOVERNMENT BORROWING GOVERNMENT SHARE GOVERNMENT SPENDING IMPORT TARIFFS INCOME DISTRIBUTION INCOME LEVEL INCOME TAX REVENUES INCOME TAXES INCREMENTAL REVENUE SHARING INFLATIONARY PRESSURES INFRASTRUCTURE LOANS INSURANCE INTERGOVERNMENTAL FINANCE INTERGOVERNMENTAL FISCAL REFORM INTERGOVERNMENTAL FISCAL SYSTEM INTERGOVERNMENTAL TRANSFER INTERGOVERNMENTAL TRANSFER SYSTEM INTERGOVERNMENTAL TRANSFERS LAND USE LAND VALUE LAND VALUE INCREMENT TAXES LEGISLATION LEVEL OF GOVERNMENT LEVELS OF GOVERNMENT LOCAL AUTHORITIES LOCAL AUTONOMY LOCAL BUDGET LOCAL BUDGETS LOCAL CAPITAL CONSTRUCTION LOCAL DEVELOPMENT LOCAL ENTERPRISE LOCAL FEES LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL INFRASTRUCTURE LOCAL RESOURCES LOCAL REVENUE LOCAL SERVICES LOCAL STATE LOCAL TAX MASS TRANSIT MINISTRY OF FINANCE MUNICIPAL MUNICIPAL GOVERNMENT MUNICIPAL GOVERNMENTS MUNICIPAL REVENUE MUNICIPALITIES NATIONAL GOVERNMENTS NATIONAL POLICY NATIONAL REVENUES NATIONAL TAX NATIONAL TAXES NEW ENTRANTS NONBANK FINANCIAL INSTITUTIONS OPERATING SURPLUS PAYMENT SYSTEM PERSONAL INCOME PERSONAL INCOME TAX PERSONAL INCOME TAXES PRINCIPLE OF REVENUE ASSIGNMENT PROPERTY TAXES PROVINCIAL GOVERNMENT PROVINCIAL GOVERNMENTS PROVINCIAL REVENUE PUBLIC DEBT PUBLIC FINANCING PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC SECTOR PUBLIC TRANSPORTATION PUBLIC UTILITIES REGIONAL DISPARITIES REGIONAL ECONOMY REGIONAL TAX REVENUE ASSIGNMENT REVENUE COLLECTION REVENUE SHARE REVENUE SHARING REVENUE SOURCES REVENUE STRUCTURE SERVICE CHARGES SERVICE DELIVERY SOCIAL DEVELOPMENT SOCIAL PROTECTION SOCIAL SECURITY SOCIAL WELFARE SOCIAL WELFARE PROTECTION STATE OWNED ENTERPRISES SUB-NATIONAL GOVERNMENT SUB-NATIONAL GOVERNMENTS SURCHARGES TAX ASSIGNMENT TAX BASE TAX BURDEN TAX COLLECTION TAX RATE TAX RATES TAX REFORM TAX REVENUE TAX REVENUES TAX STRUCTURE TAX SYSTEM TAXATION TRANSFER PAYMENTS TRANSFER SYSTEM TRANSFER SYSTEMS URBAN DEVELOPMENT URBAN INFRASTRUCTURE URBANIZATION USER CHARGES VALUE ADDED TAXES WATER SUPPLY
Online Access:	http://documents.worldbank.org/curated/en/2006/11/7157765/fiscal-framework-urban-infrastructure-finance-china http://hdl.handle.net/10986/9286