The Empirical Research On Local Financial Expenditure Efficiency & Optimizing

In 1994, China formally establish "tax sharing" of the taxation system, from central and local governments along the respective income and expenditure of a relatively independent and sound operation of the track. With the 1998, China has started building a public finance framework, the financial functions of the central and local governments have also started to change, that local governments provide public goods through the region to achieve efficient allocation of resources. In terms of China's "revenue-sharing" the specific content and effect of point of view, or from around the premise of the framework-of public finance point of view, local governments have begun to have a substantially stable manner, and management of major regional issues of competence has become more than a decade come to an indisputable fact.In recent years, a substantial increase in the total local fiscal expenditure, from 2000 to 45.201 billion to increase in 2008 to 296.518 billion, an increase of more than 6 times. At the same time, financial resources generated by the utility, and there is no simultaneous increase, far below the growth rate of fiscal expenditures. The reason for the financial expenditure structural imbalance is still constrained the use of funds to improve the effectiveness of the important factors. This paper selected as the financial expenditure in Sichuan Province for the study. The attempt by the local fiscal expenditure efficiency in Sichuan empirical analysis, can improve the local governments, especially in economically underdeveloped regions of the effectiveness of fiscal spending to make a useful exploration for the improvement of local fiscal expenditure structure to contribute.Through various types of fiscal expenditure efficiency in Sichuan horizontal, vertical comparison found that the scale of expenditure was invested in the financial investment in Sichuan Province after years of shrinking in recent years has been manifestly inadequate; Sichuan Province vigorously increase revenue and reduce expenditure, although there was reduction of administrative expenses, but is still high compared to the eastern city; operating expenses and retirement accounts for the expenditure of more than 30% of social management; metastatic taking on too much spending, fiscal expenditure "Offside" and "Absence" of the problem has not been fundamentally resolved; UNESCO Health expenditure efficiency to be further improved. After the analysis of cost-effectiveness of fiscal expenditures, fiscal spending and high economic returns found in Sichuan Province, the local unit of investment in fixed assets of state-owned enterprises to form a stable total profits and taxes, industry cost margins faster. The social benefits are still to be further improved, such as the local fiscal expenditure on science and effectiveness of low level of unemployment, the consumer price index is still high, the Engel coefficient, per capita disposable income of urban residents in major differences in such problems still remain. With economic development and the deepening of reform, optimize the structure of fiscal expenditure to further deepen the financial system has become an urgent task.