Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 3rd International Conference on Business and Policy Studies
Series Vol. 75 , 17 April 2024
Open
Access | Article
Research on the Development of the Size and Structure of Government Financial Outlay in China
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Abstract
As an important component of government allocation, fiscal outlay not only serves as the financial foundation for maintaining government functions but also provides a comprehensive overview of the scope and content of government activities in a market economy. This article analyzes the dimensions and structure of China's government fiscal outlay by reviewing existing literature and research data. It has been observed that the overall fiscal outlay by different tiers of government in China has witnessed a consistent rise over the years, with particular emphasis on the substantial fiscal deficit rates at the local level. This phenomenon has subsequently resulted in a persistent deterioration of the fiscal imbalance. There are also numerous problems in China's fiscal outlay structure, which lags behind developed countries and needs constant optimization. In response to these fiscal issues, this article proposes measures to alleviate fiscal outlay pressure, such as further increasing fiscal system reform, appropriately adjusting the tax system, strengthening supervision of fiscal outlay, and rationally optimizing fiscal outlay structure, taking into account China's actual situation.
Keywords
Size of fiscal outlay, Structure of fiscal outlay, Local Fiscal Imbalance
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 3rd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-83558-373-9
- ISBN (Online)
- 978-1-83558-374-6
- Published Date
- 17 April 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/75/20241881
- Copyright
- 17 April 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited