Budgeting under central economic planning in China, 1949-1978
Journal of Public Budgeting, Accounting & Financial Management
ISSN: 1096-3367
Article publication date: 1 March 2006
Abstract
This paper examines public budgeting in the first 30 years of China under central economic planning and one-party system. The research question is whether budgeting operates as it does under market economy in a democratic system. Analysis of historical documents finds that as a subordinate to central economic planning, budgeting was not able to play its functions. Though China was successful in employing all fiscal and monetary means to channel resources into targeted policy areas, budgeting was not effectively used as an administrative instrument. In the 30 years examined, the country seemed to be searching in vain for a workable budgeting system so as to avoid repeated financial frustrations.
Citation
Hou, Y. (2006), "Budgeting under central economic planning in China, 1949-1978", Journal of Public Budgeting, Accounting & Financial Management, Vol. 18 No. 4, pp. 430-452. https://doi.org/10.1108/JPBAFM-18-04-2006-B004
Publisher
:Emerald Publishing Limited
Copyright © 2006 by PrAcademics Press