Public finance is not only an important topic in the study of theories of finance, it is also closely related to the reform and development of finance in practice. When China started to reform its economic system some three decades ago, the concept of public finance was put forward to serve the establishment of a new financial operating model that could fulfill the requirements of the emerging socialist market economy.

The major functions of public finance are those of fiscal revenue, financial expenditure and the regulation and control of finance.

Preface

Chapter 1 Fiscal Revenue

 Section 1 Classification of Fiscal Revenue

 Section 2 Current Tax System in China

 Section 3 The Current Financial Administration System -- Revenue-sharing Scheme

 Section 4 Reform of Tax System in China

Chapter 2 Financial Expenditure

 Section 1 Classification of Financial Expenditure

 Section 2 Changes in the Structure of Financial Expenditure

 Section 3 Optimizing Expenditure Structure in Line with the Requirements of Public Finance

Chapter 3 Function of Regulation and Control

 Section 1 A Moderately Tight Fiscal Policy

 Section 2 Proactive Fiscal Policy

 Section 3 Robust Fiscal Policy

 Section 4 Coordination of Fiscal and Monetary Policies

Chapter 4 Revenue Management

 Section 1 System of Revenue Management

 Section 2 Management of Tax Collection

 Section 3 Tax Expenditure Management

Chapter 5 Budget Management

 Section 1 Composition and Principles of Government Budget

 Section 2 Budgeting Rules

 Section 3 Zero-Base Budgeting

 Section 4 Performance Budgeting

 Section 5 Budget Execution

 Section 6 Government Final Accounts

Chapter 6 Reform of the Budget Management System

 Section 1 Deepening Reform of "Separated Management of Revenue and Expenditure"

 Section 2 Departmental Budget Reform

 Section 3 Reform of State Treasury Management System

Chapter 7 Management Based on the Rule of Law

 Section 1 Overview of Public Finance Based on the Rule of Law

 Section 2 Legislation Regarding Finance

 Section 3 Public Finance Law Enforcement

 Section 4 Administrative Review Concerning Public Finance

Chapter 8 Supervision

 Section 1 Accounting Management

 Section 2 Financial Supervision

Chapter 9 Risk Management

 Section 1 Causes of Financial Risks

 Section 2 Prevention of Financial Risks

 Section 3 Establishment of a Financial Emergency Mechanism

Postscript