The 1994 reforms in China were remarkably successful in stabilizing the economy and raising revenues for the benefit of sustainable growth and permitting the central government to redistribute resources to poorer regions through an equalization framework. However, the rise of informal local...

This article examines recent and potential reforms in India's fiscal federal system. We summarize key federal institutions in India, including tax and expenditure assignments, and mechanisms for Center–state transfers. We discuss the institutional process by which reforms can and do take...

This article analyzes the main stages of the reform of the budget system of the Russian Federation. A review of the basic regulations is aimed at improving the legal budget, development of the budget process, the implementation of effective methods of providing financial aid to different levels....