According to the standard of IMF(2001),I measured the size from 2003 to 2012 and the structure in 2012 of China’s full-covered fiscal expenditure.Furthermore,I compared the size of China’s fiscal expenditure with OE...According to the standard of IMF(2001),I measured the size from 2003 to 2012 and the structure in 2012 of China’s full-covered fiscal expenditure.Furthermore,I compared the size of China’s fiscal expenditure with OECD countries.I find that as China is going through the“dual-peak”period:the peak of infrastructure development and social welfare expansion,the overall financial expenditure share of GDP has risen from around 31%in 2003,to around 37%in 2012.The ratio of infrastructure expenditure to whole fiscal expenditure is about 39%,while spending on social welfare is only about 41%.展开更多
文摘According to the standard of IMF(2001),I measured the size from 2003 to 2012 and the structure in 2012 of China’s full-covered fiscal expenditure.Furthermore,I compared the size of China’s fiscal expenditure with OECD countries.I find that as China is going through the“dual-peak”period:the peak of infrastructure development and social welfare expansion,the overall financial expenditure share of GDP has risen from around 31%in 2003,to around 37%in 2012.The ratio of infrastructure expenditure to whole fiscal expenditure is about 39%,while spending on social welfare is only about 41%.
