Table 3 Comparison of fiscal expenditure between China and OECD countries (unit:%)
From: The size and structure of China’s full-covered fiscal expenditure
Expenditure | China | US | France | Germany | UK | Japan | Three Nordic countries | Three transition countries |
|---|---|---|---|---|---|---|---|---|
Basic government expenditure | 20.81 | 29.03 | 20.7 | 19.99 | 23.1 | 19.8 | 18.37 | 22.6 |
Economic development expenditure | 38.67 | 11.94 | 9.38 | 11.36 | 8.76 | 11.56 | 9.32 | 14.72 |
Social welfare expenditures | 40.51 | 58.78 | 70.08 | 68.84 | 67.92 | 69.03 | 72.36 | 62.73 |