Index > Briefing
Back
Monday, August 05, 2013
Fiscal and Tax Reforms Will be the Foundation for Resolving Local Debts
ANBOUND

After carrying audit works on the local debts, the central government should not blame the local governments for their sizable debts. Instead, the central authority has to deal with the challenge through reforming the current fiscal and tax regimes, adjusting the fiscal relationship between central and local governments and restructuring the division of power between the two players.

Copyright © 2012-2025 ANBOUND