A Study Of Structural Optimization In Yiwu's Public Expenditure

Since the reform and opening up, with the rapid growth in regional economic and reform deepening, The local financial in Yiwu City has begun to make restructuring of public finances and initially established a framework of public finance. But there are structural problems of financial expenditure and financial risks, that would effect the realization of the financial functions and objectives.Therefore, the local government in the guidance of public economics and public finance theory, referring to the experience of the development of domestic and international in the local financial, in the characteristics of Yiwu economic development and the fiscal expenditure structure, should do many in the adjustment and optimization of the local financial expenditure structure . Clearing local government authority and powers through reducing administrative intervention and related political reform and so on; Strengthening the rigid control and supervision of "Budget Law",including "budgeting, budget execution, budget monitoring" three separating, as well as financial results evaluation system; Advancing the emphasis of expenditures on the projects within and between; Improving the expenditure patterns focusing on centralized treasury payment and direct allocation and government procuremen. Dynamic and timely adjustments to the structure of the local expenditure would promote the local financial funds being used reasonably, legitimatly, cleanly, and efficiently, and provide strong protection to the healthy development of regional economic and social undertakings in Yiwu.