China's Fiscal System News

Politics

IMF says China’s complex fiscal system needs ‘crucial’ overhaul

Among the IMF's recommendations is to fund local governments by imposing recurring property taxes and adding local surcharges to national individual income taxes

1 min read16 Apr 2018

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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