Innovational Research On Financial Management System Of Transportation Industry In Public Finance Reform

With development of social economy, establishment of market economy system, changes of financial income and expense structure, and promotion of human control over economy, it's urgent to determine the direction of financial reform in economy transformation and establish fitting public finance that serves as the base of economy policies and a vital means of allocation, regulation in our country. A common knowledge of this financial reform model has been achieved both among governments departments and in academic circles. Public finance is physically defined as finance under market economy, i.e. it satisfies public needs and make up market drawbacks through providing public products and allocating a part of social resources that can't be well offered by market itself.The current emphasis should be put on three aspects-department budget, treasury centralized payment system and government purchase. In recent years, through preliminary practice of reform, some significant achievements have been obtained, although anticipatory effect hasn't come by. How to construct our special-featured public finance system on the basis of western finance theory has become focus of argumentation in academic circles. Public transportation, a so-called "by-products", will inevitably be included in public finance. In our country, the whole system of transportation industry was initially constructed under planned economy system, and its working was completely controlled by the government, which seriously precludes its development and give great pressure to national finance. After the reform and development of market economy, transportation industry enjoyed a speedy development. However, some social problem, such as bribery, corruption, etc., occurred due to different management faults. Therefore, in the process of public finance reform, financial management innovation will be beneficial to the further development of transportation industry.Beginning with current public finance theory home and abroad, this article puts forward the inevitability of establishing public finance system. Secondly, the article studies basic framework and reform scheme. Thirdly, the article analyses and summarizes several problems emerging during its development in the light of current status of finance management in transportation industry. Finally, in order to guide the sustainable development of transportation industry, the article promotes new methods of financial management on the basis of the requirement of public finance reform.