Series: IMF Working Papers
Author(s): Philippe Wingender
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 April 2018
Keywords: Asia and Pacific, Social safety nets, Intergovernmental relations, subnational government finances, China, Social Security and Public Pensions, State and Local Taxation, Subsidies, and Revenue, State and Local Borrowing
China is the most decentralized country in the world in terms of expenditures shares, with subnational governments responsible for 85 percent of government spending. Limited revenue autonomy and insufficient interg...