Fiscal Vulnerabilities and Risks from Local Government Finance in China
Fiscal Vulnerabilities and Risks from Local Government Finance in China
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St. Louis: Federal Reserve Bank of St. Louis
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English
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St. Louis: Federal Reserve Bank of St. Louis
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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 debtâ[euro]"augmented to include off-budget activi...
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Fiscal Vulnerabilities and Risks from Local Government Finance in China
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TN_cdi_proquest_journals_1698604581
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_1698604581
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https://www.proquest.com/docview/1698604581?pq-origsite=primo&accountid=13902
