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The Research On The Dilemma Of The Local Government Finance In Less-Developed Areas: Xingguo County Survey

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  • CHANGBIAO ZHONG

    (School of Economic and Management, China Jiliang University, Hangzhou, P. R. China)

  • NANNAN DONG

    (Business School of Ningbo University, Ningbo, P. R. China)

Abstract

This study examines the financial rights and responsibilities of China’s local villages and townships based on a field survey conducted in Xingguo County. This field study focussed on local revenues and expenditures from 2012 to 2014. Upon analyzing data from the survey, we noted numerous difficulties of local financial management due to a lack of well-configured financial authority and power among central and local governments. In addition, revenues and expenditures are unbalanced at the local government level in China. Rural financial management systems need to be improved, and the rural finance function should be strengthened.

Suggested Citation

  • Changbiao Zhong & Nannan Dong, 2018. "The Research On The Dilemma Of The Local Government Finance In Less-Developed Areas: Xingguo County Survey," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 63(04), pages 885-897, September.
  • Handle: RePEc:wsi:serxxx:v:63:y:2018:i:04:n:s0217590817420048
    DOI: 10.1142/S0217590817420048
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    References listed on IDEAS

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