The central government has pledged to provide more transfer payments to local authorities to help them deal with financial droughts caused by factors including massive tax and fee cuts. The size of these payments is expected to hit 10.06 trillion yuan this year, the highest level in recent years...
N.Y. Times News Service WASHINGTON _ States and mun- icipalities across the country plan to raise taxes and cut spending by tens of billions of dollars in the fiscal year that begins July 1, and economists fear that the money this takes out of consumers' pockets could inhibit recovery ...
State governments use debt to finance education, infrastructure and to cover budget gaps, among other things. State and local government debt can fluctuate due to spending habits or changes in income from taxes and other sources, such as during recessions. In the 1940s and 1950s, state and lo...
the integration between multi-year fiscal planning and strategic planning; and the history or experience of using this policy tool.;These findings support the claims by researchers and practitioners that multi-year projections and fiscal planning can help improve a local government's fiscal health and...
This paper has constructed the evaluation index system of the local government's fiscal capacity,based on 40counties of Chongqing City,used the factor analysis,and given that the fiscal capacity of the local government is unbalanced.Then,some suggestion is submitted.关键词: the local government the...
The guidance added that the local government debt quota mechanism should be improved, and the debt quota should match the revenues and project income. The latest reform comes against the backdrop of the pandemic and the increasingly fluctuating external economic environment, in addition to mounting ...
If a government complies with Golden Rule over a multi-year period, that’s almost always a recipe for good fiscal outcomes. But if politicians allows the burden of spending to climb faster than the productive sector of the economy, that usually creates conditions for budgetary troubles. As you...
In April, the new financial year starts in England, and, for millions of households, that means the arrival of the council tax bill — money to be paid to local authorities to fund certain services. And bills are set to rocket bec...
The guidance added that the local government debt quota mechanism should be improved, and the debt quota should match the revenues and project income. The latest reform comes against the backdrop of the pandemic and the increasingly fluctuating external economic environment, in addition to mounting ...
Planning reform: Old local plans will need six year housing supply The government has confirmed changes to planning rules, including the reintroduction of… More Opinion and analysis Ian Fytche: Devolution must champion the ‘local’ in local government ...