A Comparative Study on Regional Public Finance in China and Canada: a case study of Shandong Province and Nova Scotia

摘要

This paper analyzes the administrative structure and different evolution path of public finance management of the two provinces, finds that fiscal inequity exists in both provinces regardless the political and economic background. In order to reduce the horizontal inequity, policy makers should try to make the responsibilities and finance revenue match with each other in each level of government, so as to maintain sustainable development of local economy.