Assessing china’s 1994 fiscal reforms: an intermediate report

Mengzhong Zhang (Nanyang Technological University)

Journal of Public Budgeting, Accounting & Financial Management

ISSN: 1096-3367

Publication date: 1 March 2006


To boost the fiscal revenue, i.e., government revenue over GDP and central government revenue over government total revenue, China conducted the 1994 fiscal reforms. According to some observers, the results of the initial reforms were mixed. This study reveals, contrary to most examinations of previous studies, the 1994 fiscal reforms have been an enormous success in achieving the original policy purposes, although remaining problems still present a daunting task for the Chinese government. This paper examines the factors triggering the 1994 fiscal reforms, reveals the contents and accomplishments of the reforms, explores unfinished tasks and ultimately proposes some policy implications.


Zhang, M. (2006), "Assessing china’s 1994 fiscal reforms: an intermediate report", Journal of Public Budgeting, Accounting & Financial Management, Vol. 18 No. 4, pp. 453-479.

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Copyright © 2006 by PrAcademics Press

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