The Local Government's Fiscal Risks and Their Solutions under Supply-Side Reform in China

DOI

10.2991/icesem-17.2017.1How to use a DOI?

Keywords

Supply-side reform; local government; fiscal risk; solution path

Abstract

The current five tasks of China's supply-side reform, which are de-capacity, de-stocking, de-leveraging, lower costs and offset weaknesses, will cause new fiscal risks to the local government. We use qualitative analysis to investigate the local government's fiscal risks under the supply-side reform. By analyzing the changes which influenced by the supply-side reform on the local government financial resources, we consider that the gap between local government's fiscal revenue and expenditure will widen. That will lead to three kinds of fiscal risks: local government debt risk, PPP project risk and local fiscal administrative risk. In order to solve these fiscal risks, we suggest the local governments need to improve the local government fiscal risk assessment system, speed up the establishment of local tax sources, reform the storage management mode of PPP project, and regulate the local government administrative departments.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Xinran Hu
AU  - Lianghai Lei
PY  - 2017/10
DA  - 2017/10
TI  - The Local Government's Fiscal Risks and Their Solutions under Supply-Side Reform in China
BT  - Proceedings of the 2017 International Conference on Education Science and Economic Management (ICESEM 2017)
PB  - Atlantis Press
SP  - 1
EP  - 4
SN  - 2352-5398
UR  - https://doi.org/10.2991/icesem-17.2017.1
DO  - 10.2991/icesem-17.2017.1
ID  - Hu2017/10
ER  -