Study On Fiscal Sustainability Measurement In The Yellow River Basin Under The Background Of Cut Taxes And Fees

Cutting taxes and fees is an inexorable requirement for deepening the supply-side structural reform.The 2016 government work report pointed out that,we need ease the tax burden on enterprises and cut taxes and fees through appropriate fiscal deficit.Since then,the policy of cut taxes and fees has been optimized,and the scale of cut taxes and fees has also been expanded.In 2022,the government work report proposed to implement new combined tax and fee support policies and continuously increase cut taxes and fees.To cut taxes and fees on a large scale is a major decision made by the CPC Central Committee and the State Council,and an important means to improve government governance.The implementation of cut taxes and fees will help improve the reform of the tax system and optimize income distribution,thus improving the governance capacity of the government.Sustainable local finance is the core content of local government operation.Only by maintaining sustainable finance can sustainable government management be realized.Cutting taxes and fees is a significant measure to promote a more proactive fiscal policy.On the one hand,it will help enhance corporate confidence and promote economic development,so as to achieve sustainable fiscal development.On the other hand,the implementation of cut taxes and fees policies will inevitably reduce fiscal revenue in a short term,leading to unsustainable state of finance.Furthermore,as a major national strategy,the realization of high-quality economic development in the Yellow River Basin needs to be carried out continuously.Therefore,it is of great significance to study the financial sustainability of the Yellow River Basin under the background of cut taxes and fees to promote the high-quality development of the Yellow River Basin.In this paper,the financial sustainability of the Yellow River Basin region is analyzed under the background of cut taxes and fees.First of all,this paper sorts out different scholars’ research on cut taxes and fees,fiscal sustainability,the relationship between cut taxes and fees and fiscal sustainability,as well as the fiscal sustainability of the Yellow River Basin,and summarizes relevant theories.Secondly,it analyzed the financial situation of provinces and cities in the Yellow River Basin and the scale of cut taxes and fees through the relevant data from 2016 to2021.Thirdly,the entropy method is used to calculate and analyze the financial sustainability of the Yellow River Basin during 2016-2021,and draw the following conclusion : among provinces,the financial sustainability of Shaanxi Province is the strongest,and that of Gansu Province is the weakest.Among the cities,Ordos has the strongest financial sustainability,while Baiyin has the weakest financial sustainability.On the whole,the financial sustainability of most provinces and cities in the Yellow River Basin is weak,and there is a large gap between them.The fiscal development is unbalanced among regions,and cut taxes and fees is positively correlated with the financial sustainability.Finally,based on the background of cut taxes and fees and the calculation conclusions,the paper aims to improve the precision of cut taxes and fees,promote high-quality economic development in the Yellow River Basin,improve the local tax system,enhance the quality of fiscal revenue in the Yellow River Basin,optimize the allocation of fiscal and tax resources,promote the coordinated development of the Yellow River Basin and improve the utilization rate of funds.The corresponding countermeasures and suggestions are put forward in five aspects: optimizing the structure of fiscal expenditure in the Yellow River Basin region,perfecting the debt budget management mechanism,and further preventing local debt risks.