Book contents
- China’s Public Finance
- Endorsement on Back Cover
- China’s Public Finance
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Preface
- About the Author
- 1 An Overview of China’s Public Finance
- 2 The Fall and Rise of Government Revenue
- 3 Value-Added Tax, Consumption Tax, and Other Taxes on Goods and Services
- 4 Individual Income Tax Reforms
- 5 Corporate Income Tax in China
- 6 The Size and Structure of Government Expenditure
- 7 Infrastructure Development and Financing
- 8 Social Security Reforms
- 9 Healthcare Reforms
- 10 China’s Growing Local Government Debt
- 11 Fiscal Relationship between the Central and Local Governments
- 12 Fiscal Reform for Equitable and Sustainable Growth
- References
- Name Index
- Subject Index
2 - The Fall and Rise of Government Revenue
Published online by Cambridge University Press: 22 September 2022
- China’s Public Finance
- Endorsement on Back Cover
- China’s Public Finance
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Preface
- About the Author
- 1 An Overview of China’s Public Finance
- 2 The Fall and Rise of Government Revenue
- 3 Value-Added Tax, Consumption Tax, and Other Taxes on Goods and Services
- 4 Individual Income Tax Reforms
- 5 Corporate Income Tax in China
- 6 The Size and Structure of Government Expenditure
- 7 Infrastructure Development and Financing
- 8 Social Security Reforms
- 9 Healthcare Reforms
- 10 China’s Growing Local Government Debt
- 11 Fiscal Relationship between the Central and Local Governments
- 12 Fiscal Reform for Equitable and Sustainable Growth
- References
- Name Index
- Subject Index
Summary
Chapter 2 analyzes the rises and falls of China’s government revenue in the last four decades. It estimates the size of China’s government revenue which includes general fiscal revenue, government fund, social security fund, and operating income from state-owned capital, as well as extra-budgetary revenue. It discusses China’s tax reforms and analyzes the reasons for the ups and downs of the general fiscal revenue and other government revenues. It compares the size of China’s government revenue with other countries, showing that the ratio of total government revenue in GDP in China is quite large now. It also discusses the characteristics of China's government revenue system. This chapter finally examines the problems in the current revenue system, and discusses factors affecting future government revenue.
- Type
- Chapter
- Information
- China's Public FinanceReforms, Challenges, and Options, pp. 21 - 64Publisher: Cambridge University PressPrint publication year: 2022