Research On Enhancing Fiscal Transparency Under The Construction Of Public Finance

As developed from the "Planned Finance" to the "Public Finance", state financial operation and expenditure becomes to meet the purpose of public needs, to create a fair competition and a harmony society. It's "being of and for the people". The meaning of "commonality" becomes more and more significance. Therefore, in order to establish a full-fledged socialist market economy and a more open and viable economic system, the government functions must change to public government from all-powerful government. As decide by the characteristics of "Commonality", the financial operating mechanism should be "open" and "transparency". It also should subject itself to supervision by the public. It led to an issue that how transparency to guarantee public finance mechanism running smoothly. It is the issue of transparency which extent in public domain. It is also an important content which ensure the public right to fight corruption effectively and improve government's management level.According to the requirements standards of transparency in the "Code of Good Practices on Fiscal Transparency-Declaration on Principles" published by IMF, the country is exploring actively and obtains some preliminary results:accuracy and transparency of the budget increased year by year, the open scope of information widened, the work of punishing corruption and supervision improved. However, compared with developed country and the requirements of "Code", major targets can't meet the minimal standards:the control by law and supervision were not at work, there is a big gap of transparency between different provinces, the open scope of information is in the low level.Comparing with the actual fiscal transparency policies of the developed countries, several practical suggestions aiming to enhance the fiscal transparency are presented, taken both experience of the developed countries and current situation of our country into account. First, we need to further optimize the budget time, implement the composite finance budget step by step and establish a medium term budget framework. Second, we should enlarge the scope of the government information disclosure, simultaneously, broaden the communication platform between government and common people, and reinforce public consciousness of the democratic supervision. Third, we must strengthen the control of the expenditure; build a scope of accounting as a comprehensive reflection of the budget accounting. Make full use of the internal and external supervise, advocate Managing Finance by Law, expedite the process of legislation. So that to guarantee the natural running of the public financial construction.