Stylized Facts on Revenue and Expenditure Patterns of County-level Governments in Recent China
This research presents a hand-collected dataset of county-level governments'final accounts of revenue and expenditure in China for the years 2018 and 2019.The main findings are:(1)Tax revenue constitutes less than 20％of general budget expenditure;(2)Revenues from goods and services taxes comprise approximately 60％;(3)Transfers from higher-level governments are a significant source of revenue for county-level governments,accounting for around 80％of general budget expenditure;(4)Land-related revenues constitute about 10％of general budget expenditure.This paper argues that county-level governments should rely more on real property taxes to maintain stability,reduce dependence on fiscal transfers to enhance autonomy,and decrease reliance on land-related revenues.The study concludes that local public finance needs to be reformed to adopt a new pattern.
County-level governmentsFiscal revenueTax revenueFiscal transfer
万方数据
维普
