Feasibility Study on the Construction of General Transfer Expenditure Fund in China
- WU Junpei， GUO Lingyi
- Wuhan University
General transfer is the guarantee of the equalization of general public services and serves as the foundation of the stability of the fiscal federalism as well. In this paper， the conception and arrangement of the general transfer expenditure fund system， is proposed. Specifically， the theoretical basis for the establishing of the system is the inherent connections between the general tax and the general public goods. Moreover， the practical basis of this system lies in that the macro tax burden of general tax is adaptive to the demand of the expenditure of general public goods. Particularly， we demonstrate the feasibility on the implementation of general transfer expenditure fund in China both theoretically and practically. It is noted that construction of this system is not only more accordant with the reality that market economy plays a decisive role in the allocation of resources， but also conducive to the gradual improvement of the public economic system.
General Public Goods， General Tax， General Transfer Expenditure Fund， Equalization of the Public Services