Study On The System Of Provincial Fiscal Transfer Payment

Macro-economic stability requires scientific and reasonable fiscal policies to support.Since 1994,China has begun to reform tax sharing system and has been made innovations in the financial system.Fiscal transfer payment system reform as a necessary part of financial system,the effect is not be slightly.As the Third Plenary Session of the 18 th CPC Central Committee put forward that the powers and expenditure responsibilities must be adapted,a new relation definition between central and local government has proposed in the new budget law and the Guiding opinions on promoting the central and local fiscal powers and expenditure responsibilities reform.The fiscal transfer payment system reform in our country has entered into deep water area.In 2012,the introduction-"To improve the financial management system below province" mentioned that it is important to coordinate the relationship between central government and provincial government.Provincial government,as a large unit in governmental fiscal relations,the transfer payment system is not only the key part of China's Fiscal transfer payment system,but also the connection to build provincial financial system and inter-governmental relationship.Based in the theory of provincial fiscal transfer payment and the introduction of China's provincial fiscal transfer payment,This paper discusses the importance and process of developing provincial fiscal transfer payment system,finding a lot of problems in China's provincial fiscal transfer payment construction,Such as inter-governmental fiscal powers and expenditure responsibilities are not perfect;Local economic development level is not high enough;Fiscal transfer payment itself is not reasonable in principle goal realization,calculation method and index evaluation standard and lack of local government administrative budget management and law.At the same time,taking Anhui Province as a example,it uses empirical analysis to show that the provincial fiscal transfer payment is not reflected fair in actual implementation.Finally,through analysis and discussion above,we can find that China's provincial financial transfer payment system still has some defects,and then,give some specific recommendations: Formulating a scientific and rational comprehensive "factor method",With the reasonable intergovernmental division of powers and expenditure responsibilities and sufficient sources of funds and appropriate discretionary power of local governments,Improving financial transfer payment performance index evaluation criteria,Increasing administrative and budgetary management of local government in our country,Improving laws and regulations of various aspects of financial transfer payment system,Achieving the goal of fairness and efficiency in the construction of fiscal transfer payment system.Through this measures we can improving our provincial fiscal transfer payment system,and further promoting the reform of the provincial financial system,enriching China's fiscal decentralization and tax system theory,shorting the regional financial and basic public goods supply gap,maintaining the stability of the overall economic development.