Research On The Intergovernmental Financial Transfer Payment Equilibrium

Since the reform of tax distribution system in 1994, in order to balance the regional financial resource difference and to promote the public service equilibrium, the enlarging unceasingly transfer payment scale of the central government which gather financial resource play the vital role in solving the area financial resource disparity. Nevertheless, the current financial transfer payment system affects its inherent operation effect in our nation because of its transitional characteristic and the governance and the property rights scope being unclear between the central government and the local government. According to local governmental different levels, below the provincial level transfer payment system have not yet been improved in our country, and the fiscal transfer payment strength is obviously insufficient the provincial level and the city level to the county-township finance, has enlarged the area financial resource disparity gradually inside the region. Therefore, it is significant to construct the standard intergovernmental financial shift payment system and public financial system through the system innovation and to enlarge gradually the financial shift payment strength the central government to the mid-west backwardness area for constructing "the harmonious society", realizing the regional economy coordinated development and reducing the East-West section disparity.It has to consider fully to solve the public service equilibrium questions in the great degree through other way when standardizing and innovating equal finance shift payment system. This study consults a great deal of literature and data, embarks from the financial shift payment basic theory, uses the successful experience of the financial shift payment of the developed marketing economy country, has analyzed the operating current situation and existent questions of financial transfer payment in our country. In view of our current intergovernmental fiscal transfer payment balance the insufficient contradiction of the regional financial resource, continuous improvement and innovation of the equalization transfer payments system is "vote-by-foot " theoretical proving in the effective provision of local public goods powerful guarantee. At the same time, combining with our actuality, it utilizes Markov analysis methods, construct transfer payment equalization model under the Vote-by-foot " mechanism, forecast the regional financial resource of our country would be achieve the most superior scale. Finally, the paper puts forward the detail suggestions on standardizing the financial transfer payment system to adapt the local economy coordinated development under the establishment of the public finance system.