A Study On Countermeasure Perfecting The Public Financial System In Jiangxi

In the “new normal”, China’s economic growth will be a long-term slowdown; the fiscal revenue growth will also be converted from rapid growth to low-speed growth. Facing with the growing public service rigid demand, China has begun to enter the era of shortages of public goods, fiscal reform has entered a phase of toughness and hardness. Finance is the foundation and an important pillar of national governance, to further improve the public finance system has important significance on the transformation of government functions, optimize resource allocation, promote fairness and justice. In the first year of “Twelfth Five-Year plan”, Jiangxi proposed to build “five types” finance, the total target of financial development, all aspects of the public finance system put forward new requirements. How to speed up the finance legal process in Jiangxi, how to promote scientific and meticulous financial management, how to make fiscal revenue a high quality, how to optimize the fiscal expenditure structure are urgent problems currently.This paper focuses on fiscal rules, fiscal management, fiscal revenue, fiscal expenditure, the four aspects of public finance system to carry out the research, beginning with the status analysis of Jiangxi public finance system construction, include the achieved progress, the existing problems and the underlying causes in the four aspects. Using the AHP to built a local public finance performance evaluation indicator system, and applying to evaluate Jiangxi public finance system construction. By introducing the fiscal expenditure structure factors into Barro’s endogenous growth model, try to analysis the optimal fiscal expenditure structure in Jiangxi. Combined with the reference of foreign experience, put forward countermeasures and suggestions to improve Jiangxi public finance system. Based on the structure, there are seven chapters in this paper. The first one is an introduction; the second one is the related concepts and theoretical basis; the third one is the status analysis of Jiangxi public finance system construction; the fourth one is the empirical analysis of Jiangxi public finance system construction; the fifth one is the international reference to improve public finance system; the six one is the countermeasures and suggestions to improve Jiangxi public finance system; the seven one is the conclusion and prospect.Through this study we found that Jiangxi public financial performance evaluation rating of “good” in 2013, ranked third in the central region. The problems mainly are the financial system is imperfect, the financial management level is not high, the fiscal revenue quality is not high, the fiscal expenditure structure is irrational and other issues, it means that there is further room for improvement,. The reasons are mainly related with the lack of financial democratic elements, the lack of scientific and meticulous management philosophy, financial rights, administrative rights and expenditure responsibilities are not match, the existence of “dual finance” pattern and other causes. As such, this paper proposes to establish a comprehensive standardized, transparent budget management system, change the financial management concepts, highlight the effectiveness, standardize non-tax revenue management, promote the reform of the tax system, improve the tax system, and increase fiscal expenditure in livelihood areas as suggestions. The public financial performance evaluation system established in this paper and the calculation method proposed about fiscal expenditure structure optimal can be referenced to evaluate local public finance construction, also have some significance to guide the public finance system construction in Jiangxi province.