Research On The Fiscal Expenditure Structure Optimization Of Guangzhou City

With the constant improvement of China's social market economic system and the continuing shift of government functions,an objective demand exists in financial management model of the country to shift from a traditional model to a service-oriented model.Compared to the achievements of revenue management system reform,the fiscal expenditure management system reform in the country is relatively outdated.The governance and spending responsibility is not clear;the existence of "act beyond authority" and "absence of supervision" have affected the functions of the government's efficiency.Fiscal expenditure structure still needs to be optimized.As a developed city in terms of financial strength,Guangzhou has yet to fully meet the growing demand for public products and services,and guarantee capital supply for key projects.The 13 th Five-Year Plan period is the critical period for Guangzhou to complete the process of building a moderately well-off society in all aspects.The local government is to be placed under great pressure to provide better public products and services,and provide financial support to key projects,with the gap of revenue and expenditure to be more widened.Therefore,under the current economic conditions,in consideration of the reality of the economic and social development,it is of vital importance for Guangzhou to improve the public finance system and realize the goal of urban development.In addition,it will optimize the fiscal expenditure structure and promote reasonable allocation of its fiscal budget,with priority highlighted to achieve a balance in revenue and spending.This paper studies the related concepts and basic theory of fiscal expenditure,its structure and the optimization of such structure.Based on the actual circumstance of the fiscal expenditure in Guangzhou and statistics caliber,it defines the scope of fiscal expenditure to be studied in this paper.This paper is based on a comparative analysis of the 2007-2015 Guangzhou fiscal expenditure scale and structure and its longitudinal and transverse development trend.It is found that the fiscal expenditure structure in Guangzhou's economic construction spending is too high and there is excessive intervention in the market.Furthermore,it is also found that the relatively low proportion of general expenses cannot meet the demand of the public and there is a lack of social security expenditure.The analysis of these finds out the 4 main causes leading to the imbalance of fiscal expenditure structure,which is loose regulatory on administrative costs,the incomplete transfer of government function,the unclear government spending responsibility in all the level,and the imperfect financial expenditure management in Guangzhou.5 targeted suggestions are provided,including strictly controlling administrative expenditure scope,fully transferring government functions,clear division at all levels of government powers and financial power,and improving fiscal expenditure management.It expects to optimize Guangzhou fiscal expenditure structure and further promote the economic and society to develop healthily and stably in Guangzhou.