A Study Of The Problems And Countermeasures Of Fiscal Expenditure On S&T In Hubei Province

With the market-failure in the field of science research and technology development as well as the features of public finance, it is necessary for government to concern and involve themselves into the in S&T enterprise. Not only it is the demand of the strategy that Promoting Hubei province by Science and education to study about how to actively make a good advantage of local fiscal role in promoting S & T but also is consistent with the target of bringing into play of center-growing-up, building China as the innovation country as well as establishing the center-local inventive system. So, the study of fiscal inputs on the S&T in Hubei province bears significant importance.The inputs on the S&T in Hubei province, so far, mainly focus on the channels such as the plan about S&T, the favorable tax policy and the financial subsidy. As far as the Scope of S&T in Hubei province is concerned, the fiscal input on is relatively decreasing reflected from systematical indexes while the S&T in Hubei province has been increasing. The fiscal input, structurally, prevail the whole investment in the field of S& T in Hubei province; the majority of capital is distributed to the institution of research and some key universities and colleges; the objects supported by fiscal input are characterized of the minitype. The status of fiscal inputs into S&T indicate that the system of interior development of fiscal inputs into S&T have not yet formed, the orientation of market of fiscal input is not very clear and the structure of input isTo improve the S&T investment in Hubei Province, we should establish the single rule on the mechanism of investment firstly and make the institutional increase in S&T investment come true. Secondly, adopt various kinds of fiscal policy tools, which includes fiscal income policy and expenditure policy and fully use both of them. Thirdly, we should improve the model of Public S&T finance, clarify the function of Public S&T finance, display the guide role of financial investment. Lastly, strengthen the management of S&T funds and expedite the institutional reform and carry on some other necessary reforms.