Abstract：Sub-national finance is a dispensable component of government finance in decentralized regime.In China,sub-national governments collect about half of fiscal revenue and undertake more than 70% of public expenditures.In recent years,sub-national government finance meet quiet a lot of systematic,mechanism risks and difficulties.To make a based-on-fact and comprehensive evaluation to the status-quo of various levels of Chinese sub-national finance is the foundation of future adjusting government fiscal system,and it is also pertinent to the healthy development of regional economy.This paper,plans to advance a framework in evaluating the status-quo of various levels of China's sub-national finance from the perspectives of fiscal capacity,management system and operational mechanism,and then raise relevant suggestions to improve the performance of sub-national finance.
