Fiscal Vulnerabilities and Risks from Local Government Finance in China
Fiscal Vulnerabilities and Risks from Local Government Finance in China
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Publisher
International Monetary Fund
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Language
English
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International Monetary Fund
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Contents
China weathered the global financial crisis better than most, thanks to a large and timely stimulus. This stimulus, however, was mainly in the form of off-budget infrastructure spending and thus not visible in the headline fiscal data. We construct a time series for the augmented fiscal deficit and debt--augmented to include off-budget activity--th...
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Full title
Fiscal Vulnerabilities and Risks from Local Government Finance in China
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TN_cdi_gale_infotraccpiq_363901269
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_gale_infotraccpiq_363901269
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ISSN
1018-5941
DOI
10.5089/9781484349953.001
