1887

OECD Journal on Budgeting

The OECD journal on public sector budgeting, published three times per year. It draws on the best of the recent work of the OECD Working Party of Senior Budget Officials (SBO), as well as special contributions from finance ministries, and makes it available to a wider community in an accessible format. The journal provides insight on leading-edge institutional arrangements, systems and instruments for the allocation and management of resources in the public sector. Now published as a part of the OECD Journal subscription package.

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Budget reform in China: Progress and prospects in the Xi Jinping era

Fiscal reforms were central to the comprehensive programme of reforms announced at the Third Plenum of the 18th Party Congress in November 2013, during the first year of the Xi Jinping administration. One of the significant reforms on focus is public financial management (PFM). The urgency of PFM reform can be traced, paradoxically, to the extraordinary growth experienced by the Chinese economy during the first decade of this century, when easy money and weak accountability gave rise to unprecedented waste, corruption, and a mountain of local government debt.

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Keywords: reform, budget, debt, intergovernmental, public financial management, local government, China, economy
JEL: P3: Economic Systems / Socialist Institutions and Their Transitions; P5: Economic Systems / Comparative Economic Systems; H7: Public Economics / State and Local Government; Intergovernmental Relations; P2: Economic Systems / Socialist Systems and Transitional Economies; E66: Macroeconomics and Monetary Economics / Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook / General Outlook and Conditions; H6: Public Economics / National Budget, Deficit, and Debt; H5: Public Economics / National Government Expenditures and Related Policies; O53: Economic Development, Innovation, Technological Change, and Growth / Economywide Country Studies / Economywide Country Studies: Asia including Middle East; H3: Public Economics / Fiscal Policies and Behavior of Economic Agents; E62: Macroeconomics and Monetary Economics / Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook / Fiscal Policy; O23: Economic Development, Innovation, Technological Change, and Growth / Development Planning and Policy / Fiscal and Monetary Policy in Development; E65: Macroeconomics and Monetary Economics / Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook / Studies of Particular Policy Episodes; H8: Public Economics / Miscellaneous Issues
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