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parts)”, 
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Zhang, Tong (2003), “Research on the Reform of China’s Treasury Management
System”, in Christine Wong and Jinglian Wu (eds.), 
Reforming Public Finance in China:
Current Program and Next Steps
.

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Document Outline

• Budget Reform in China
  • 1. Summary
  • 2. Introduction
  • 3. The background to budget management reform
    • Figure 1. The “two ratios”
    • Figure 2. Resources under central budget allocation
    • Box 1. An in-year budget request
  • 4. The reform package
    • 4.1. Reforms in budget preparation - introduction of departmental budgets
    • 4.2. Reforms in budget implementation
  • 5. A glass half full? The current status of public expenditure management
    • 5.1. The budget is still not comprehensive
      • Box 2. China’s large extrabudgetary revenues and expenditures
    • 5.2. Extension of improved budgeting to the sub-national levels is limited
      • Figure 3. Structure of government in China (2003)
      • Table 1. China’s expenditure decentralisation in comparative perspective
      • Figure 4. Shares of sub-national expenditures (1999)
      • Table 2. Expenditure assignments
      • Table 3. Sources of revenue for major expenditures in Hunan Province (1999)
    • 5.3. Compliance with existing laws and regulations needs strengthening
  • 6. Next steps?
  • Notes
  • References