Research On The Autonomy Of Local Finance In China

The construction of local financial autonomy plays a unique role in promoting the improvement of local public services and safeguarding the rights and interests of local residents.Based on this,China began to formally implement the tax distribution financial system reform in1994,trying to realize the reasonable division of labor and complementary advantages of central finance and local finance within the scope of the country through the division of power.However,the incompleteness of the legal system makes the exercise of local financial autonomy more arbitrary in practice,and "actual financial autonomy" sometimes appears.As its main content,the imbalance of income autonomy and expenditure autonomy allocation leads to the increasingly severe situation of "financial power up" and "administrative power down" in reality,which makes local finance overwhelmed.The absence of supporting systems such as performance assessment and relief also makes the effective exercise of local financial autonomy lack of necessary incentives and guarantees.All these problems seriously restrict the effective play of local financial autonomy in our country.In this regard,although the national conditions are different,we can learn from the construction of local financial autonomy in the United States,France and Germany.Finally,under the guidance of the concept of financial legalism and fairness,by building the financial revenue and expenditure classification act as the main body of the system complete local legal system,balancing the income autonomy and expenditure autonomy configuration,reasonable division of local tax revenue and expenditure,and improving the "vertical + lateral" fiscal transfer payment system and the implementation of the relevant supporting system,we can realize the further perfection of the construction of local financial autonomy,so as to inject strong impetus into the full play of local fiscal role.