Financial Fund Management Legal System Research In The Implementation Of Industrial Policy

Industrial policy has played an important role in promoting the rapid development of China's economy in the past 40 years of reform and opening up.With the implementation of a large number of industrial policies,its legitimacy and rationality sparked controversy.China's current social and economic development has entered a new era,under the pressure of supply-side reform and industrial structure upgrading,industrial policy must continue to play an important guiding role.At present,the use of fiscal funds in the implementation of China's industrial policies is highlighted by the fact that there are many subjects,many types,and many problems.The emergence of these problems is directly related to the lack of legal system for financial funds management in the implementation of industrial policies.By sorting out relevant laws and regulations and series of normative documents on the use of fiscal funds in the implementation of China's current industrial policies,it can be found that although the newly revised Budget Law defines a full-scale budget,the fiscal funds in the implementation of industrial policies are not included in budget management.The inconsistency of relevant laws and regulations at the legislative level and specific rules further aggravates the chaotic situation of financial fund management in the implementation of industrial policies.In practice,due to the lack of scientific and standardized legal management system,excessive reliance on fiscal and taxation policies in the implementation of industrial policies has led to increased financial pressure,it also caused mismatch and waste of financial resources.Lack of performance evaluation system and information disclosure for such financial funds,leading to the inability of legislative supervision and social supervision to form a joint force with the internal supervision of the government.Financial funds in government industrial investment funds face greater challenges in inciting social capital and realize the efficient use of financial funds.This paper examines the relevant systems of extraterritorial countries based on the above issues,In particular,the long budget cycle of the EU Technology Framework Programme,Non-specific industry trends in the use of US industrial policy funds,Government and Civil Coordination Organization in the Implementation of Japan's Industrial Policy,India's differentiated fiscal fund management for different industries.These extraterritorial systems provide ideas for solving the above problems.Focusing on outstanding issues in legislation and practice,this paper focuses on constructing the framework of the relevant legal system for fiscal fund management from the perspective of improving the legitimacy and efficiency of the use of fiscal funds in the implementation of industrial policies.For legality,defining the legal basis for the use of fiscal funds in substantive law,active disclosure procedure for setting relevant information in procedural law.For efficiency,Based on the staged financial performance evaluation system,strengthen the judicial protection level of relevant subjects and promote the efficiency of the use of financial funds.