To read this content please select one of the options below:

China's fiscal reform: the issue of extra budgeting

Marc Holzer (Zhongshan University)
Mengzhong Zhang (Zhongshan University, Rutgers University-Newark Campus)

Journal of Public Budgeting, Accounting & Financial Management

ISSN: 1096-3367

Article publication date: 1 March 2004



To adjust the fiscal relationship between the central government and the local government, especially to increase the two ratios of (1) central fiscal revenue over GDP and (2) central fiscal revenue over government revenue, China conducted a 1994 fiscal reform effort, the result of which is, at best, mixed. One of the failures to boost the first ratio is the existence of largescale extra budget funds (EBFs) and extra-extra budgetary funds (EEBFs). This paper explores the history, the problems and the causal relations associated with the EBFs under the broad background of China’s fiscal reform and administrative reform. This paper then proposes a comprehensive package for the solution of problems related to the EBFs.


Holzer, M. and Zhang, M. (2004), "China's fiscal reform: the issue of extra budgeting", Journal of Public Budgeting, Accounting & Financial Management, Vol. 16 No. 1, pp. 19-39.



Emerald Publishing Limited

Copyright © 2004 by PrAcademics Press

Related articles