An Empirical Analysis Of The Scale And Structure Of Fiscal Revenue In Shandong Province

Public Finance is the foundation and important pillar of national governance. Local fiscal revenue is an important part of the local financial system, and constructing the modern financial system needs to improve the local financial system gradually. So in the current trend of deepening the reform of fiscal and tax system, we should speed up the reform of local financial revenue system. As the main provider of local public goods, the local government must collect a certain volume of fiscal revenue for financial support, in order to realize its functions. At the same time, the scale and structure of fiscal revenue is always closely associated with another, so it is necessary to conduct a depth research on the structure of financial revenue, in order to have a better analysis about the volume of fiscal revenue. It is good for the local goverments to better strengthen the construction of financial resources, and promote fiscal revenue to achieve a balanced and sustained growth, when they master the various forms of local government financial revenue and their relationships and proportions.Under the background of Financial Revenue New Normal, from the views of fiscal decentralization theory and the legal principle of tax revenue, we analyze the present situation of the volume and structure of Shandong Province' financial revenue. We have some analyses on the fiscal marginal rate of return and average rate of return, the present situation of the main components of the fiscal revenue structure, and compare them with the whole country. Here we mainly make some descriptive statistics of variables. Then,based on the theory of influence factors of the fiscal revenue' volume and structure,through factor analysis model and panel regression model, we make empirical test on the relationships between multiple influence factors and the volume and structure of fiscal revenue. Finally, based on the analysis of the present situation and the empirical analyses,we put forward some recommendations to improve the fiscal revenues' volume and structure of Shandong province from the aspects of maintaining reasonable volume of fiscal revenue, optimizing the structure of fiscal revenue, improving the local financial system and implementing the legal principle of taxation.