The Research On The Fiscal Policy Of The Development Of China's Elderly Service

Under the background of coming into the aging society in 2000,China gradually faces a lot of pressure to response to the amounting elderly population.In the next ten years,China will face the surge of retirees and decrease in youth population.The social problems caused by unbalanced population structure should not be overlooked.Around 2030,the aging situation will be most serious.,total population dependency ratio and old-age dependency ratio will rise sharply to 60-70% and 40-50%.The end of the golden age of population and the arrival of the peak population will bring great challenges to social operations.For the elderly,whether the government can provide good elderly service is the most important issue.The provision of elderly services is of great importance to the elderly population.Elderly service system is related to the construction of China's public system.Under the background of the aging population,we need to properly design the elderly service system to prevent a series of economic and social risks in advance.With the urgently advent of the aging society of China,the socialized elderly service system needs to be established,we should constantly approaches the elderly service system goal of “home and community-based,institutions as the supplement”.This article focuses on the fiscal policy,tries to explore the policy measures of reforming the elderly service system,which has important theoretical and practical significance.Firstly,we analysis the current status and predicament of elderly services,and then the article objectively evaluates the mechanism of the four major fiscal policies of the elderly service,financial investment,financial subsidies,government procurement and tax support.In perspective of fiscal and tax policy tools and the current fiscal and taxation policies,we find that the total amount of financial investment is insufficient,the effect of financial subsidy is not so good,the government procurement mechanism is not perfect,and the tax incentives are not enough to guide the private investors.Correspondingly,some suggestions are put forward,such as increase financial input,divide the elderly subsidy responsibility between the government,optimize the effect of the tax relief policy,etc.Based on the theoretical analysis and the current situation in our country,this paper focuses on the analysis of the development of overseas elderly service system.Western countries already have a century-old elderly service history,and their experience has an important reference for our country.By analysising the elderly service of Japan,Australia,Britain,the United States,this article focuses on the government responsibility in the investment,the division of power and expenditure between government,financial subsidies and tax incentives,in order to provide the useful experience for reference to the development of China's elderly services.In summary,through analyzing the the effect of the elderly service policies of other countries,this paper puts forward the fiscal and taxation policies which include increasing the investment of fiscal funds,activating the tax incentives,perfecting the government subsidies and purchasing mechanism,and vigorously developing the PPP model to support the further improvement of China's elderly service system.