Reforming the Financing System for the Road Sector in the People’s Republic of China

Nonfiction, Reference & Language, Transportation
Cover of the book Reforming the Financing System for the Road Sector in the People’s Republic of China by Asian Development Bank, Asian Development Bank
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Author: Asian Development Bank ISBN: 9789292549527
Publisher: Asian Development Bank Publication: August 1, 2015
Imprint: Asian Development Bank Language: English
Author: Asian Development Bank
ISBN: 9789292549527
Publisher: Asian Development Bank
Publication: August 1, 2015
Imprint: Asian Development Bank
Language: English

The People's Republic of China implemented the Fuel Tax Reform in 2009. It abolished a range of provincial and local government fees and increased the central government tax on motor vehicle fuel. This reform centralized the government revenues for the sector, but various issues remain. This publication analyzes the implications of the reform on the operation and maintenance of ordinary roads. It recommends the formation of a National Road and Funding Administration, responsible for the national road programs and policy, and the creation of a central road trust fund to finance the operation and maintenance of ordinary roads.

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The People's Republic of China implemented the Fuel Tax Reform in 2009. It abolished a range of provincial and local government fees and increased the central government tax on motor vehicle fuel. This reform centralized the government revenues for the sector, but various issues remain. This publication analyzes the implications of the reform on the operation and maintenance of ordinary roads. It recommends the formation of a National Road and Funding Administration, responsible for the national road programs and policy, and the creation of a central road trust fund to finance the operation and maintenance of ordinary roads.

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