LEGAL REGULATION OF THE BUDGETS FOR STATE CAPITAL OPERATIONS IN CHINA
- Authors: Trofimov A.A.1
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Affiliations:
- Law Faculty, Saint Petersburg State University
- Issue: Vol 6, No 1 (2020)
- Pages: 168-172
- Section: Tribune of young scientist
- URL: https://journals.ssau.ru/jjsu/article/view/7804
- DOI: https://doi.org/10.18287/2542-047X-2020-6-1-168-172
- ID: 7804
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Abstract
This article examines the legal nature of modern budgets for state capital operations that exist in the People's Republic of China. Consideration of the evolution of Chinese budget legislation on the subject of the study suggests that budgets for state capital operations are essentially an investment budgets aimed at increasing the value of state property. Such budget has a number of legally signifi cant features, including separation from the state budget, the presence of its own revenue sources and spending directions. At the same time, the budget for capital operations at the Central level in the PRC is one of the types of extra-budgetary funds included in the modern budget system of the PRC, which determines the presence of certain links with other elements of this system, in particular inter-budgetary relations. In addition, attention is drawn to the similarities and differences between the budgets for state capital operations in China and investment funds in Russia.
About the authors
A. A. Trofimov
Law Faculty, Saint Petersburg State University
Author for correspondence.
Email: grigorjewa.katerina@yandex.ru
Russian Federation
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