Economic Analysis Of The Budget Law

The budget system is related to political democracy, national welfare and the maintenance of public order which is gradually moving towards legal system construction. In the practice of government administration, the budget system has played a positive role in promoting sound and health socio-economic development by setting up Capital Budgeting Mode, strengthening financial management, and pushing forward law-based administration.The study in my dissertation based on the theory of law and economics, institutional economics, public choice theory, demand theory, law and other relative theories and research paradigms. Several kinds of research methods have been adopted in my study including law and economic analysis methods, historic and realistic analysis methods, comparative analysis method which combines the experiences of in-country study and international study, quantitative and qualities analysis methods and data analysis methods. The dissertation is based on the assumption of relative theory studies of budget system and analytic paradigm of budget system. My dissertation formed a system framework for improving the budgetary efficiency by collecting and arranging the budgetary reform data that hide in the theories. The complexity of budgeting illustrates in various difficulties in the practical process. My study stresses on exploring theoretical basis and necessary institutional conditions through analyzing the practical experiences both in China and out of our country. The dissertation tries to find out the successful budgetary implementation ways and tries to supply the reference for our country's budgetary reformation. The dissertation also put forward the path choice for setting up and completing socialistic public finance system, improve handling financial affairs according to law and bring national budgetary function into full play.Chapter One is the introduction. This chapter first introduces the topics background and significance of research of economic analysis of Budget Law. Secondly, it analyzes the research status about the fundamental theory of Law and Economic theory in academic field of China and abroad. At last it states the research contents, logical framework, research approaches and innovation.Chapter Two is mainly about the theory survey and the analysis. In this chapter I first put forward the basis of the economic theory. It mainly includes: demand-supply theory, transaction cost theory, public choice theory and the game theory. The analysis for the basis of economic theory is the important point throughout the dissertation. The construction of the original budgetary law theory in our country takes two factors into consideration, on one hand is the equal objective, on the other hand is improving the efficient of social economical development. Before researching how to reform and complete our country's budgetary law system, it's necessary to find out the origin of economic theory. Only base on the research study, can we find the reform direction and reasonable route. In the process of discussing the reasonableness of constructing our country's budgetary system and the challenges that we are facing, this chapter considered our country's current budget law system, and adopted several research methods including historic and realistic analysis method, comparative analysis method, quantitative and qualities analysis methods. Meanwhile, the analysis also combines the special background of our country's political system, culture and budgetary system. The focus of budgetary system reform and the development direction have been mentioned specially in this chapter.Chapter Three mainly deals with the economic analysis for legislation goals and objectives of budget law. On the basis of theoretical analysis, this chapter points out: It is an important way to realize effective realization of public finance function by regarding the public finance budget expenditure as the legislation goal. Although the theory analysis on budget law system from the perspective of economics is important, but in the process of practice, the budget law execution also exists some problems. These problems are necessary to use economic analysis method for effective analysis.Chapter Four stress on the economic analysis of the current execution of budget law. This chapter mainly deals with the analysis for the budget preparation, examination and approval system, the analysis for the supervision of the financial budget and the cost analysis for violation of budgetary law. The history of our budget law system is not very long, and lack of experience. It is worthy mentioning that it still exist adaptable problems in socialist market economy. The development of the market economy in western countries is relative mature, the legal system which is compatible to law system is relatively perfect. Both of them are worthy using for reference.Chapter Five introduces the implementation experiences of budget system in America, France, Japan, Germany and other countries respectively. Compared with Chinese current budget system, this chapter analyzes the advantages and disadvantages of the implementation experiences, and finds the problems that exist in Chinese budget system. In order to perfect the legal system of the overall budget and promote the healthy development of public budge, it also tries to establish a workable performance system and supervision management system.Chapter Six proposes countermeasures and suggestions for budget law system reformation. Based on the analysis of budget law system theory and practice, this part put forward the suggestions for realizing the economic meaning and target of budget law. Our budget legal system should be: Deepening reformation for financial budgeting and execute link; perfecting budget system operation mechanism; establishing a workable supervision and management system; setting up and impleting the financial budget expenditure performance evaluation system; strengthening the legal status of the financial budget system, and making its matching with the public budget management.