Research On The Poverty Alleviation Effect Of People’s Livelihood Fiscal Expenditure On Relative Poverty Of Residents

China’s 34-year poverty alleviation cause has achieved phased results in 2020,in the process,the government-led anti-poverty project is paired with a flexible fiscal governance system to escort the deepening and promotion of targeted poverty alleviation.The Fourth Plenary Session of the 19 th CPC Central Committee put forward the establishment of a long-term mechanism to solve relative poverty,which is the vane of China’s anti-poverty work adjustment.Rethinking and positioning the relationship between people’s livelihood finance and residents’ relative poverty is of great significance to the establishment of a relative poverty management system in the future.Based on China’s household tracking survey data and provincial financial data,this paper assesses the poverty reduction effect of transfer payment expenditure and public service expenditure on residents’ relative poverty from the micro perspective of residents.For this reason,this paper uses the quantitative measurement and AF index decomposition method to measure the relative poverty of residents’ income and multidimensional relative poverty;Use the method of xtlogit to carry out basic regression to estimate the poverty reduction effect of people’s livelihood fiscal expenditure on residents’ relative poverty.This paper systematically combs the current research situation at home and abroad,summarizes the relevant research on people’s livelihood fiscal expenditure,the research on relative poverty and the research on the relationship between people’s livelihood fiscal expenditure and relative poverty,expounds the basic theory of relative poverty and the theory of people’s livelihood fiscal poverty reduction,leads to the important role of financial and political theory,and further introduces the main tools,classification and institutional background of China’s livelihood fiscal expenditure.On the basis of the existing theories,combined with China’s livelihood financial system and the micro-perspective of residents,this paper combs out the poverty reduction theoretical mechanism of China’s livelihood financial expenditure on residents’ relative poverty,which is the poverty reduction mechanism of transfer payment expenditure on residents’ relative poverty and the poverty reduction mechanism of public service expenditure on residents’ relative poverty,and better lays the theoretical foundation for subsequent empirical research.Based on the method of AF index and quantitative statistics,the income relative poverty rate and multi-dimensional poverty degree of Chinese residents are calculated,and the contribution rate of each dimension of multi-dimensional relative poverty is further calculated by the method of index decomposition.Based on the perspective of micro-subject behavior,this paper finds that the "poverty reduction" effect of the transfer payment expenditure and public service expenditure in the people’s livelihood fiscal expenditure has different emphasis.The increase of government transfer payment expenditure can solve the current income relative poverty of low-income groups,but it cannot reduce the multidimensional relative poverty of residents;The increase of public service expenditure can alleviate both the relative poverty of residents’ income and the multidimensional relative poverty.The results obtained in this paper are robust after the endogenous problem is alleviated;The heterogeneity of poverty reduction effect is also analyzed.