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Fiscal Vulnerabilities and Risks from Local Government Finance in China

China weathered the global financial crisis better than most, thanks to a large and timely stimulus. This stimulus, however, was mainly in the form of off-budget infrastructure spending and thus not visible in the headline fiscal data. We construct a time series for the augmented fiscal deficit... Full description

1st Person: Zhang, Yuanyan Sophia
Additional Persons: Barnett, Steven
Type of Publication: Book
Published: Washington, D.C. International Monetary Fund 2014, 2014
Series: IMF Working Papers; Working Paper
Keywords: China, People's Republic of
Fiscal Vulnerabilities
Fiscal Deficit
Fiscal Activity
Fiscal Data
Fiscal Debt
Fiscal Risks
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